Could be a forced sale Dorc. The problem is that the large bid, although quite a few in monetary terms today, didn't equate to that much not so long ago. The cynic in me suggests it maybe a prop but many reasons why it wouldn't be - maybe the owner, assuming that potential takers would be bidding for it, does not know how to transfer off market. Looks pretty dumb anyway unless the large buyer teases out a seller.
They have potentially found a deposit of some significance IMO. Hopefully it will be another WSA type.
Either way, I'm reasonably happy the buyer is showing atm and I agree, we'll know more next week regarding both the voracity and authenticity of the buyer.
strange trading today, page-2
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Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $346.7M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 44.0¢ | $1.606M | 3.612M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1149600 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 2928247 | 50 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RXM (ASX) Chart |