Polish Coal Market Update - Bogdanka Comments, page-4

Keeping it up.

I'm always suspicious of buys that take out multiple cells on the sell side and needlessly raise the SP, especially when part of the order is then leftover on the buy side at the highest price that was hit. They could have just placed an order at 1.6 and it would have been filled. The practice of buying up the price and leaving bits of the buy order sitting there on the buy side at the highest price hit is how people walk up a share price. In this case, they can't actually walk it up above 1.9/2 cents, because of the sell volume that comes in at 1.9 and above. All they are achieving here is opening up the spread and keeping the SP at 1.9/2 cents.

The amount of props on the buy side at 1.3 cents and below  suggests that someone doesn't want this thing to grind down to nothing prior to de-listing. IMO the same person/entity who has stacked the buy side is also doing the "buy-ups" in the share price.

The buy order that pushed it up taking out 1.7 to 1.9 cents needlessly is in the red box below.

It's been going on for a fair while now.

OR, maybe we just have an investor with a buying style that is irrational, they don't care about buying for a few pips higher than necessary, and leaving bits of the buy order on the buy side at the highest price hit is just a coincidence.