Big guys controlling the sp, last few afternoon arvo auctions had similar games being played. Shows that someone is very keen to accumulate.
The time for that is perfect, still 12 months or so until we see the big $$$$$ being reported - enough time to drive impatient holders out. It is not primarily the low sp they are after, it is the number of shares they want / must secure, 20 - 25%, before launching a possible t/o attempt or to get 1-2 seats on the board. They use countless accounts to disguise their holding and then suddenly they appear with a huge %.
Those 'funny" numbers are often computer generated but that one here seems to have some human touch / input.
GLTA
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Last
8.6¢ |
Change
-0.004(4.44%) |
Mkt cap ! $173.9M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.2¢ | 8.5¢ | $123.1K | 1.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48377 | 8.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 29000 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
8.8¢ |
Change
-0.004 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 9.0¢ | 9.0¢ | 8.6¢ | 368395 | ||
| Last updated 15.57pm 26/04/2024 ? | |||||
| IPD (ASX) Chart |