CZN 10.0% 0.6¢ corazon mining limited

takeover target for vale, page-156

  1. 18,337 Posts.
    lightbulb Created with Sketch. 1009
    Watch for a CXXT at .003 to try and move it down!. Or if it goes to .005 there will be one to keep it down at .004. I sent the following complaint to ASIC regarding this type of trading on ANW with a footnote that it also applies to CZN.

    "Dear Sirs,

    I wish to make a complaint regarding manipulative trading on the shares of Australian Tin Mining (ANW) on this day. This is a common practice. Trading today;

    10:43:45 AM

    0.001

    50,000

    75.000

    CXXT

    1

    10:27:27 AM

    0.001

    50,000

    75.000

    CXXT

    2

    9:59:53 AM

    0.002

    713,022

    1,426.044


    3

    9:59:53 AM

    0.002

    433,500

    867.000


    4

    9:59:53 AM

    0.002

    1,446,047

    2,892.094


    5

    9:59:53 AM

    0.002

    21,976

    43.952


    6

    9:59:53 AM

    0.002

    425,000

    850.000


    7

    9:59:53 AM

    0.002

    800,000

    1,600.000


    8

    9:59:53 AM

    0.002

    4,545,455

    9,090.910


    9

    9:59:53 AM

    0.002

    500,000

    1,000.000


    10

    9:59:53 AM

    0.002

    1,000,000

    2,000.000


    11

    9:59:53 AM

    0.002

    600,000

    1,200.000


    12

    9:59:53 AM

    0.002

    400,000

    800.000


    13

    9:59:53 AM

    0.002

    1,015,000

    2,030.000


    14

    9:59:53 AM

    0.002

    1,000,000

    2,000.000


    15

    9:59:53 AM

    0.002

    1,500,000

    3,000.000


    16

    9:59:53 AM

    0.002

    600,000

    1,200.000


    You willnote that if trading starts at .002 or if it reaches .002 then low volumetrades are made so that the trading price is halved.

    I believethat securities are being converted to shares by an institution based on thecurrent trading price. It means therefore that these securities are beingconverted at a discount. A discount only available if there is marketmanipulation.

    I ask if youwill investigate this. ANW is a small company battling to survive and starvedfor capital. What is going on is commonplace on the ASX and disadvantages thesmall companies and the small investors.

    Yourssincerely,

    XXXXX

 
watchlist Created with Sketch. Add CZN (ASX) to my watchlist
(20min delay)
Last
0.6¢
Change
0.001(10.0%)
Mkt cap ! $3.673M
Open High Low Value Volume
0.6¢ 0.6¢ 0.6¢ $642 116.6K

Buyers (Bids)

No. Vol. Price($)
4 1332224 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 2633398 6
View Market Depth
Last trade - 11.30am 26/07/2024 (20 minute delay) ?
CZN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.