ODE 0.00% 0.3¢ odessa minerals limited

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  1. 7,580 Posts.
    lightbulb Created with Sketch. 2097
    Today's action is a case in point...imo. The sell into 0.013 took out all of the bid except for about ~45,000 odd... then an order arrived in behind it for 75,000. So what happens?... the balance of the initial order is taken out [exactly] leaving the 75k order intact [which was probably a genuine buy order] then all of the available @ 0.014 is scooped up in a couple of bites [maybe by the manipulator... maybe not].

    @ 0.014 the MC for FGO is about $12M. They will still have something like $8M in cash [the quarterly will tell us more] which leaves $4M enterprise value.... fair enough we haven't heard much for a while but it will be certain things are bubbling along.
 
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