Truly phenomenal volumes dumped to market this last week, far greater than the buy depth. In fact the entire buy depth has hovered around 1.2 to 1.5 million shares most days yet we've had an average of about 3 million shares sold per day.
Where the hell is all this extra buy depth coming from to absorb this supply? Furthermore how is it being hidden so well that the total buy depth is barely even creeping up each day. It just seems to flow in as the sells flow in.
By all rights it should have been back to 30.5c by now which is the lowest bid at present without all this extra buying / soaking entering.
Has a deal been struck to buy X number of shares on market by someone from someone else at a certain price?
I guess we will find out soon, this many shares can't move without some notices by this time next week.
AC8 Price at posting:
44.0¢ Sentiment: None Disclosure: Held