The Captain, noticed the big order placed on the buy side at 1.7c the other evening, think that was placed there to stop the slide, notice it hasnt returned since so that certainly looked a suspect trade.
but, now we have a bot that has shown up, operating every 45 seconds or so, a little odd for a stock like MZI that isnt even listed on the all ords??
if you asked ASIC about this you would be told its just the way large holders sell bigger parcels, but every man and his dog, including the dogs operating the bot know that is rubbish.
sell a few to encourage sellers and be sitting there lower hoping to catch what falls from the tree but why carry this out on a penny stock.
imho its pretty clear that inside players and we could reasonably safely point the finger at RCF or Argonaut will know timing of announcements in the future regarding financing, as has been mentioned in the past, these guys have carried out extensive due diligence on Keysbrook project and would know there is money to be made.
but to just make that little extra cream on the top, dirty tactics look to have now been employed. imho also, sell side completely stacked, evidenced by big sell orders being placed at 2.4c and above, safely away from the action.
very sad that tactics like this are employed, but it would suggest that a deal is not far away and this is possibly a last ditch effort to shake the tree. think the best way for this to be counteracted is for buyers to continue to load up the 1.7c buy pile, but it never happens that way.
all my opinion only, DYOR
MZI Price at posting:
1.7¢ Sentiment: None Disclosure: Held
