Should not be too hard to work out from T20 movements imo.
Not an unusual move,,, a big holder wants out, a shorter is happy to cover.....a deal is done... the SP is 'walked' down to the agreed price (in this case 7.4c), and the 'wash out' is executed.... from there the SP recovers slightly as the selling abates..... the shorter has his profit, the long escapes with a loss he can tolerate.. imo.
Regarding the 'Cath Interview'... I must say I never seen anything like this from a CEO of a $300m Cap Co..... Kindergarten Oil chat.. I sincerely hope this type of 'happy clapper' spin is not presented to real investors... however it does 'paint a picture'.. imo,
DYOR
Shorters are closing out, page-5
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |