BRO traded numbers in last 3 sessions (including today)...
.005...5.3m
.006...17m (7.9 on way down, 5.3 on way up)
.007...21.2m (15.3 on way down, 5.9 on way up)
.008...43.7m (18.6 on way down, 25.1 on way up)
.009...21.1m (2.6m on way down, 19m on way up)
.010...6.7m (6.1m on way down, .6m on way up)
.011...8.3m (all down, no up trades yet)
.012...4.2m (all down, no up trades yet)
Interesting how few shares were actually sold to generate the sell-off...a clear sign it was not genuine!
The numbers suggest to me there are short positions that need to be covered below .008c (ie net selling not replaced)...the volumes selling at .009 are clearly profit takers from lower...with a likely 10m more to trade at this level.
It appears to me...I am just guestimating now...that a placement in the 1c range was being contemplated, potentially with an attaching 1c option?
If so...the maths here would suggest profitable selling from existing holders down to .008...(ie 1c placement - .002c option value)...or even .007 (ie 1c placement -.003c option value).
Selling below here would likely have been "facilitated" for trading purposes.
Cheers!
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