No King, it is NOT just T+3 traders getting out.
There is something wrong here.
There are 2 sellers for every 1 buyer. The problem is on the buy side. There has been no promotion and hence no new blood wanting to buy.
I don't think the T+3 traders are patienty sitting in the queue. They are long gone now.
This is a real issue and unless something changes, PEK is heading back into the 40's in the very near future. Considering it was close to $1 based on only a few drill results, it really is disappointing.
For those that bought at 12 cents, fair enough you may as well for the long term. But for those who bought at 50 cents and above - it is frustrating as hell - especially when trying to protect a bit of capital.
not happy, page-8
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Last
20.8¢ |
Change
0.003(1.22%) |
Mkt cap ! $55.28M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.8¢ | 20.0¢ | $3.507K | 17.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 53 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 42810 | 1 |
View Market Depth
| Last trade - 15.59pm 02/09/2024 (20 minute delay) ? |
| PEK (ASX) Chart |