WC8 3.03% 34.0¢ wildcat resources limited

A concerted effort to surpress the share price ahead of first...

  1. 2,516 Posts.
    lightbulb Created with Sketch. 290
    A concerted effort to surpress the share price ahead of first assays.

    Someone on here mentioned WC8 being shorted on Thursday so I looked into it and now strongly agree.

    Thursday 7th September there were 679,771 shares shorted. As we know we closed down 14.63% as an unusually very red amongst what has otherwise been very strong upwards trend.

    https://hotcopper.com.au/data/attachments/5570/5570279-e2eda164d01dc2c71928a932c49af5df.jpg

    When comparing this to previous shorting activity this appears to have been a considerable spike in shorting volume.

    Wednesday 6th September there were 232,251 shares shorted, noting we also closed down with 7.8% red for the day

    https://hotcopper.com.au/data/attachments/5570/5570280-2f7675102b41c8edce1fa1f45294e866.jpg
    https://hotcopper.com.au/data/attachments/5570/5570354-05c4f8ed2c31d502ba4f997b78341017.jpg

    Records are not available yet for last week but zero shorts appear on Friday 1st September, and we soared higher last week so assume not much shorting activity occurred. Will review this once available, but going back before then -

    On Thursday 31st August there were 2,500 shorts, closing up 1.37%
    https://hotcopper.com.au/data/attachments/5570/5570303-8f495b4b822dfb0f30eb7e757b60c6a2.jpg
    Wednesday 30th August there were 117,625, closing down 7.59%
    https://hotcopper.com.au/data/attachments/5570/5570307-05c6518a28a478082328776f688fb224.jpg

    Prior to that, there is NOT ONE short registered for the entire month of August and most of July, with the last short record being 10th July as below.
    https://hotcopper.com.au/data/attachments/5570/5570347-de0d603ebbdf46ef0064653cb601b9d6.jpg
    10th of July just happens to have been our second worse red day aside from yesterday.
    https://hotcopper.com.au/data/attachments/5570/5570350-367f96cd8c5044bd8434bdd1b25b35e5.jpg

    I haven't gone back further yet.

    Hopefully this paints the picture for you that it has for me biggrin.png
 
watchlist Created with Sketch. Add WC8 (ASX) to my watchlist
(20min delay)
Last
34.0¢
Change
0.010(3.03%)
Mkt cap ! $420.4M
Open High Low Value Volume
34.5¢ 35.0¢ 32.0¢ $1.969M 5.832M

Buyers (Bids)

No. Vol. Price($)
1 16000 34.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.5¢ 40000 2
View Market Depth
Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
WC8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.