JSE summary
No volume today with the bot on the buy and sell side pushing the price down
The bot is caught between a rock and a hard place. I assume the bot is trying to accumulate and not just keep the price low, but no one is selling
(yes for every buyer there is a seller - but from watching the screen, I only see related party trades)
The longer the price stays suppressed, the harder it will be to accumulate a large number of shares cheaply as Renergen unlocks more value and shareholders see current and future potential
With so many catalysts and company making announcements about to drop, why would anybody sell right now
- Buyers are waiting for news to drop or for the company to be more de-risked
- Shareholders are waiting in anticipation for the first helium delivery, update on Nasdaq IPO and that pleasantly surprised announcement, just to mention a few (not to sell but just smile and say "I told you so")
Makes no sense to sell at the moment. Who is selling ? Seriously
Good luck to the bot mate, I think you are in deep sh_t
Below is closing screen on JSE
Renergen General Discussion, page-3354
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 (20min delay)
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Last
$1.01 |
Change
-0.025(2.43%) |
Mkt cap ! $30.47M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.05 | $1.01 | $41.57K | 40.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4999 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 22890 | 3 |
View Market Depth
| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| RLT (ASX) Chart |