Hi J,
Sorry u got sucked in.
Mon. 17th at 2:06 pm more quick selling at the offer price of 1.2cents, 1 million hit the market to take the price from 1.3c. What is evident in this wave of selling (and since April 2019) is how speedily the buy-side quotes disappear as they are quickly get cancelled, currently there are 51 buyers for a quantity 13.13mill share for an average parcel size of 257,500 ($3,090), so really not many large parcels demanded, ie no serious buyers of quantity.
Note after that 2:06pm sale one person withdrew an order for 905,508 shares so obviously he'd no serious intent of buying, probably replaced them on at a few pegs below the current market price.
Where you ask is the current serious support for the stock is?
Well, the way the figures appear at the moment it doesn't look good:
MAY IS A LONG TIME AWAY. No capital raising will be risked at these sub 1c levels, doubt they'll get the cash needed to build Phase1 Plant, the objective will be about survival and cash conservation so as not to breach 'Trade whilst being illiquid'.
As you can see I've gone very bearish. Hope I'm wrong but this price erosion over the last 18 months or so has taken its toll.
Hi J,Sorry u got sucked in.Mon. 17th at 2:06 pm more quick...
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $7.307K | 3.040M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 152 | 192819366 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 106977969 | 57 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LPD (ASX) Chart |