SUM 3.03% 16.0¢ summit minerals limited

Ann: Execution of Amended Finance Facility, page-12

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  1. 22 Posts.
    Interesting strategy to park a large (relative to average daily vol) sell order at say 2.7 cents.
    This effectively caps the sp at 2.7 and forces anyone with small volumes to go lower if they wish to sell within a reasonable time (say 2 weeks)..
    Sit there and hoover up the small offerings at say 2.3 to 2.5 and recycle them at 2.7 to the casual buyer that may not be prepared to wait.
    Little fish can be sweet I guess if you have the market cornered.

    If the seller was only interested in selling his holding for the highest return would they be better off by splitting their holding into smaller parcels at a varying range of prices, and try to drag the sp up??

    Fairly new to this game and just wondering???
 
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Last
16.0¢
Change
-0.005(3.03%)
Mkt cap ! $23.19M
Open High Low Value Volume
16.5¢ 16.5¢ 16.0¢ $17.10K 104.0K

Buyers (Bids)

No. Vol. Price($)
2 184951 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 113028 1
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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
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