Hmnn ? very interesting shenanigans going on with the shorts - Plenty of takers at $2.75 in the recent placement and also a large buyer was also happy to take the 10m of NSE at that price ?
What "unknown " black swan could be in the wind that would warrant this level of shorting ? I cant think of any ? and the Ugani North results were not bad enough to tank the price from $3.20 to sub $2.50 ( IMO )
So the low ball take over theory is certainly worth a run up the flagpole.
Chart doesn't look flash and normally I dont like bottom fishing but stuck my toe in for another 20000 BRUKOD this morning - I will look to average down if we test $2.30 again.
Hoot
observations, page-4
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Last
9.2¢ |
Change
-0.003(3.16%) |
Mkt cap ! $61.76M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.5¢ | 9.2¢ | $12.50K | 135K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 158222 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.7¢ | 195346 | 3 |
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| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
9.3¢ |
Change
-0.003 ( 2.31 %) |
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| Open | High | Low | Volume | ||
| 9.2¢ | 9.3¢ | 9.2¢ | 30938 | ||
| Last updated 14.12pm 30/05/2024 ? | |||||
| BRU (ASX) Chart |