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Something unusual going on. Looks to be one player selling down...

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Slyvestor

1,551 Posts.

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26/04/24

16:22

Post #: 73528194
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Originally posted by pibo: ↑

well, colleague, in my opinion you can't really talk about a "sudden payoff" here.

in my opinion, the sp has been deliberately pushed down over the last few days in order to be able to make a "favorable" takeover bid, which would result from the average sp of the last 3 months (or so), when the mining activities are about to be released or approved.

all i can say is hold on to your shares because it will be worth it and considering the fact that over 76% of the shares are in firm hands, the sp movement with few shares makes a lot of difference.

after the above mentioned release i expect a sp around 0.20 AUD.

this is only my opinion and no tradig recommendation!

best regards

PIBO

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Something unusual going on. Looks to be one player selling down the SP on a Friday for unknown purposes Either someone has a genuine need to get ou urgently, or as mentioned above it is a deliberate attempt to lower the price.

Fun and games next week I expect, but if it stays this low, I'll be grabbing a few too. There is no justification for an SP below 10c after this week's announcements.

IMA Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.2¢		Change 0.000(0.00%)		Mkt cap ! $92.08M

Open	High	Low	Value	Volume
8.2¢	8.2¢	8.2¢	$33	398

Buyers (Bids)

No.	Vol.	Price($)
1	10000	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	16000	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.083
2	81585	0.082
3	82422	0.081
8	234752	0.080
1	25000	0.079

Price($)	Vol.	No.
0.084	16000	1
0.085	173000	2
0.086	15000	1
0.090	9892	2
0.091	14946	2

Last trade - 10.04am 07/05/2024 (20 minute delay)

IMA (ASX) Chart

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