MNE 5.26% 3.6¢ metallum limited

There is some very strange trading going on with MNEOB.This...

  1. 223 Posts.
    There is some very strange trading going on with MNEOB.
    This morning I bought 1.404m MNEOB @ $0.01. Immediately after my buy there was a trade for 1 MNEOB at $0.008 which meant the price was then .008, a drop of 20% from .01.
    Since then another 4.9m MNEOB's have been bought between .009 and .011, with most (4m) at .011. This meant the price was up 10% for the day. Next thing we get a trade of 1,042 MNEOB's back down at .008 for a grand sum of $8.33. Now the price is showing a fall of 20% again for the day.
    Seems like someone is manipulating the price to show a big fall (maybe to cause holders to sell more?) whereas the reality of the situation is that 99% of todays sales have been at 1c or 1.1c.
 
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