It's possible that a lot of those sellers have been there for a while - since when that price looked really good. I think perhaps it's not a question of them "lining up" but rather that there are significant out-dated orders.
Considering recent developments - an increase in SP last week , field trip, the Good Oil presentation and the reality that new results are due this week, it will be interesting to see how many of those sellers now withdraw at those offer prices.
I will for sure be tracking the bids/offers this morning and the number of sellers etc to see how many withdraw.
It's possible that a lot of those sellers have been there for a...
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $93.18K | 583.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 354802 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 55498 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |