I maybe 100% off track but to me it looks like a road block. Good old Gandalf slamming his staff down and screaming “YOU SHALL NOT PASS”! Lol
As like you said if they had inside info or needed to sell & were actually actively keen to sell why shock the market, they could have easily sold 10M shares into the top 2-3 buy orders immediately.
Unless it was in the hope that this started another slide like after the PFS & people would see this as OMG we have to get out with them picking us all the loose shares/stop losses at a price lower then what they’ve sold at?
I maybe 100% off track but to me it looks like a road block....
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $27.56M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 28.0¢ | 27.0¢ | $4.566K | 16.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 109383 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 10.10am 02/05/2024 (20 minute delay) ? |
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Last
26.5¢ |
Change
-0.010 ( 3.64 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.0¢ | 26.5¢ | 4289 | ||
| Last updated 10.16am 02/05/2024 ? | |||||
| MGT (ASX) Chart |