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3.8¢ nexus minerals limited

For what it's worth I recently noticed this kind of...

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Magmag

350 Posts.

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16/06/21

10:15

Post #: 53867219
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Originally posted by robbo24: ↑

There is clearly someone with either a bot or manual sell of 100-200k shares per open. Why they decided to do it this way is anyone's guess, but it's fairly easy to run two bots at the same time and get people to sell to you later in the day, so you can entice people to buy on open.

If seller is behind a custodian or nominee (in reference to @rabbitoh comment about putting their hand up) then the company can't see on the daily register who the sellers is - but from what I understand the murky hints and tips from an ex-broker for forcefully obtaining shareholder lists from custodians/nominees has been sent to NXM

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For what it's worth I recently noticed this kind of activity in a company called PGM where someone was of loading 500k-700k amounts at open continuously for a period of 3-4 weeks. The price at that time was around 5c, when it stopped within a couple of weeks it traded between 7c-9c. Hopefully this might happen with NXM.

NXM Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $14.78M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.8¢	$457	12.01K

Buyers (Bids)

No.	Vol.	Price($)
2	1054350	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	2985	1

View Market Depth

No.	Vol.	Price($)
2	1054350	0.037
2	325000	0.036
3	300752	0.035
1	500000	0.034
1	100000	0.033

Price($)	Vol.	No.
0.038	2985	1
0.039	327079	2
0.040	459999	2
0.041	275000	2
0.042	270000	1

Last trade - 10.23am 01/08/2024 (20 minute delay)

NXM (ASX) Chart