Nathan, if you consider that the 2 trades on Friday were designed to drop the SP...then it is possible that management have already done a deal with a broker to raise X amount of dollars at at discount to VWAP. Hence such moves just allow the broker to get a cheaper price NO?
So in that case, yes it is being manipulated, but not for the reasons others were possibly implying.
Kiril.
I hold.
Nathan, if you consider that the 2 trades on Friday were...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $85.53M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $42.03K | 398.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1631596 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 463235 | 12 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CAI (ASX) Chart |