Commentary on the past, on history. Not very useful. Were you...

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tradescrape

10 Posts.

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21/02/18

12:50

Post #: 31220365
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Originally posted by flaming ↑

Hi Guys,

It appears the gamers have gamed the stock very well, made their money and left the building.
From a 6c cap raise to .105c.....on some bullish news. That's more than 50% return in a very short period of time. It was a classic pump & dump, happens time after time. It amazes me to see the bullishness in people when that spectacular game is going on.
The company is 1.5-2 years from making a dollar(if everything goes on plan) and people where happily paying above 50% premium to the sophisticated investors who subscribed at 6c. Those sophisticated investors would be busy counting their profits thanking the broker and management for a nice quick gain.

I am not discrediting BAT management and the companies prospect. I am also very bullish on this company and graphite (have been since 2016). But I think it was gamed up too fast too soon. There are still plenty hurdles management needs to make way through. All of those things will take time and some beyond management's control.
The pumpers have accomplished their job, made their money and gone now, the stock will find its true value slowly. I don't know where it should be trading but the market will find it out sooner or later.

The game started on the 18th Jan and finished on 6th Feb.
Notice the volume has dropped substantially.

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Commentary on the past, on history. Not very useful.

Were you able to capitalise on this recent rally you identified?

BAT Price at posting: 8.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 38.0¢		Change 0.005(1.33%)		Mkt cap ! $71.18M

Open	High	Low	Value	Volume
37.0¢	39.0¢	35.5¢	$207.3K	547.8K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	36.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	34408	2

View Market Depth

No.	Vol.	Price($)
1	10000	0.365
2	64000	0.360
3	44913	0.355
4	75430	0.350
1	12000	0.345

Price($)	Vol.	No.
0.380	34408	2
0.385	100000	1
0.390	40302	2
0.395	33456	2
0.400	141456	3

Last trade - 16.10pm 29/08/2024 (20 minute delay)

WTM (ASX) Chart

Commentary on the past, on history. Not very useful. Were you...

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Commentary on the past, on history. Not very useful. Were you...

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Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

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