I mean.. maybe. Said announcement was posted 7 days ago. On that day, the SP only increased by ~.25c, with 10.3M shares traded. The following day finished down .1c, with 955K shares traded. Monday comes around, closes back up .1c with 2.08M shares traded. So at this point, the dry processing announcement has been out in the public eye for 5 full days, and the share price has only increased by about 18.5%, with about $215K shares trading hands.
The next day, it's Tuesday the 27th, the SP starts the day at 1.65c. 15.5M shares trade hands, with the SP going as high as a whopping 2.9c (a 75.8% increase), before closing at 2.3c (still 39.4% up for the day). The next day, Wednesday the 28th, the SP starts at 2.2c, 30.8M shares trade hands, with the SP going as high as a whopping 4.0c (an 81.8% increase on the open price, and a 250% increase on Monday's closing price), before closing at 2.8c.
Where were these cash-laden investors for the first 3 full trading days (+ weekend) after the announcement was released to market? Dodgy as anything, to my mind. Reeks of SP manipulation, possibly for an impending CR..
MGT Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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