DRM 1.80% 54.5¢ doray minerals limited

Giant Flag looks ready to go, page-139

  1. 11,185 Posts.
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    "The 0.28c shares aren't being dumped"

    Do you have any data to support this.

    I use Hawkeye volume which uses a short algorithm to divide volume between, predominant buying (green), predominant selling (red) and churn (grey). Below is a weekly chart showing the weekly hawkeye volume and the weeks on which the 28cent shares were issued and became tradable on ASX. The last two weeks have shown predominant buying (IMO based on FOMO). The previous 8 weeks was predominantly churn with one week of selling (all above the raising price). I'll leave the rest of the chart for you and others to interpret. But the 28cents won't be "dumped" as that would drive the price down, they would be being churned and sold into rallies. Esh

    Hawkeye volume.PNG
 
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