today's dump and yesterday dump under 2.2c belongs to retailers who sold their shares through comsec.
FYI, broker data shows close to 47.6M shares absorbed by comsec retailers in average of 3.7c. we should expect that some of retailers are not happy about current results and price of zinc and they wanna invest somewhere else.
broker data also shows that 32M shares also dumped by Pershing as main seller here since IPO and 19M of that was under 2.7c. these selles of Pershing kill all momentum for higher prices and cause retailers to upset about SL1 performance. CMC market buyers during last week bought more than 5M shares and imo, they know something better than us. Australia investment also bought 7.6M shares during last 7 weeks ago in average if 2.7c.
with increasing LOM other smart money like Morga will step in.
personally, I couldn't believe these guys can do shipment in 2018Qrs, however they did a great job.
SL1 Price at posting:
2.0¢ Sentiment: None Disclosure: Held
