So a couple of days ago, i took a screenshot of the number of shares available in the after market price depth book (as per below).
IMO, the after market depth book shows a more relatively realistic representation of the number of genuine sellers of KP2 shares in the current market (i.e. the after market price depth book shows sellers excluding the Great Wall, which is taken off the book each night).
Only 2.8 million shares available in total. As in, only 2.8 million units to clear the entire sell side all the way up to 12c.
Not many genuine sellers currently in the market IMO.
However, it seems that there are plenty of genuine buyers as we have seen recently, with all those institutions buying up, the Chairman of KP2 buying up, existing major shareholders buying up, and new major shareholders buying up.
Also, just a reminder that another in person meeting between KP2 and PowerChina is due to occur in early June (in Dubai or Beijing). First week in June is pretty much gone (meeting may have already occured), and only next week left for the meeting to be scheduled if it hasn't already occured.
Hence, more news may be imminent.
GLTAH. DYOR.
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