This buying has definitely indicated that accumulation is taking place. But, it will need around 75 million for a substantial holding, that would represent a very large percentage of the volume we have seen going to one source.
Sellers have really tapered off and buyers have increased, that's why I reckon that the buying has been more wide spread.
Now. 77 buyers for 39,118,388 units 54 sellers for 9,768,135 units. The .09s are already being eroded, all very good.
It's certainly possible and would certainly "look" good if it's the "right" buyer, but, it's already looking very good, might just need an extra impetus to get the SP into double figures. That would attract the likes of fund managers which would look good on the top of the Top 20.
Promising projects, lots of drilling, lots of cash and excellent communication from management. Great recipe!!!
This buying has definitely indicated that accumulation is taking...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $242.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.3¢ | 10.0¢ | $360.2K | 3.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 299991 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 946470 | 9 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| STK (ASX) Chart |