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Quest09

1,083 Posts.

138

12/06/24

09:56

Post #: 74272543
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Originally posted by Quest09: ↑

Those million unit sells orders cant be genuine in my opinion.

First of all, if you really want to offload that many shares, you generally drip feed into a buying market so that you don't stifle the buying (as opposed to putting up a wall of million unit sell orders across multiple prices to intentionally stifle buying).

Second, such massive selling goes strongly against market trend. All three markets in which KP2 is active (ASX, LSE, JSE) have been in a strong bullish trend with strong active buying occuring.

This new wall doesn't make sense within current context, so i can only assume the million unit sell wall is market manipulation intended to suppress KP2 price action while the "manipulator" accumulates.

Just deserts would be if another massive buyer scoops them all up.

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Originally posted by Quest09: ↑

Yeah, that appears to be institutional buying IMO..

The 10 million units set up as a wall also appears to be institutional "selling" IMO.

Hence my theory: Institution sets up a massive wall to stop the price rising, then the institution encourages selling by dumping a little, then the institution sits back and buys up all it wants at a low price from those who have loose hands and are scared off by the massive wall and the short term dump.

Granted that its only a theory and could be wrong, but its also possible/probable given what we have seen playing out, and given what i believe i know about institutional market manipulation.

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Originally posted by Quest09: ↑

So it looks like our Top Holders have been buying up in the last month or so also. Not only brokers (data shown below), but current major shareholders have been buying up KP2 shares also.

Above attached shows the record as of 1 March 2024, and the below record, taken from KP2 website shows the record as 16 May 2024.

- Princess Aurora (OIA) has increased by about 30 million shares.
- Harlequin Investments has increased by about 40 million shares.
- SQM remains the same.
- D Hathorn remains the same.
- Wadeville Int has increase by about 145 million shares.
- Dingyi Group has increased by about 178 million shares.
- S Herring seems to be a new major holder with 192 million shares.
- Kippax Property seems to be a new major holder with 130 million shares.

Seems the current demand for KP2 shares is insaciable. IMO, the fact that this many Top Holders have increased their position significantly is quite a vote of confidence for the success of KP2.

Broker Data Showing Increased Buying

Month of February 2024

Month of May 2024

Month of May 2024 (plus 2 days forward looking to see if the buying was continuing)

Expand

Originally posted by Quest09: ↑

Will be interesting to see how long "The Great Wall of Manipulation" stays up if this kind of buying continues.

If the wall gets significantly eaten into, i'm guessing it might come down pretty quickly.

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Originally posted by iamtheoracle: ↑

I reckon the guy with the wall of 1 million sell orders is also the guy with the million+ buy orders at 33, 34 and 35 cents

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Yeah, it looks to me like a large institutional player, or similar, is trying hard to get as many shares as possible at the lowest possible price.

KP2 price action appears to be "managed' at this point (highly likely across the LSE and JSE also).

IMO, the good news is that such clear desperation to buy big into KP2 means that there is a lot of value here that remains currently unrealised.

The price estimates that have been posted on here suggesting a future KP2 price of between AUD $0.27c to AUD $0.50c are realistic IMO.

I'm holding on tight to my bag.

KP2 Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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