I am not sure it is being manipulated.
I think it is simply a case that the market is extremely unforgiving of companies that miss production targets, have production problems, show increasing costs.
It's worse when the targets they missed were those used for a recent placement of 189,000,000 shares at 0.45c
All of a sudden 189,000,000 shares hit the market and you are left with burned institutional shareholders who probably won't be back soon and who tell their mates.
See announcement on 23 Feb 09
manipulation?, page-10
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25.5¢ |
Change
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Mkt cap ! $208.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 10 | 601998 | 25.0¢ |
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|---|---|---|
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