RE: MATD31 May 2024 13:37
The bid/ask will be for the period they were printed, not the time they were executed, so I think a buy followed by sell..maybe wrong..
Mmmmmmm, now bid was just 4.2, after 12pm
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31-May-24 12:13:46 4.37 10,000 Buy* 4.20 4.40 437.00 O
31-May-24 12:05:36 4.37 25,000 Buy* 4.20 4.40 1,093 O
31-May-24 12:04:12 4.37 32,540 Buy* 4.20 4.40 1,422 O
This got printed late, on the chart it makes it look like the bid is rising, weak buy signal..
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31-May-24 13:05:45 4.180 16,430 Sell* 4.10 4.30 686.78 O
31-May-24 12:01:01 4.20 1,131,550 Unknown* 4.10 4.30 47.53k O >>>>big sell
31-May-24 12:53:45 4.292 3,402 Buy* 4.10 4.30 146.01 O
So 700k sell following a similar buy and a 1m sell later... while I watch for the afternoon New York time rally, maybe...
Also its been difficult to judge the volume to each tick up or down..
They stated the production well was fully funded before the last raise, but also claimed the new funds would go towards the exploitation licence so a contradiction, maybe trivial..
He1 said they were funded for Itumbula after drilling Tai, then claimed they only needed funds to ensure they could complete the drill, while they were skint...
For Matd its almost 18 months on, so who knows.. but it should be good news and with a brokers price +20p 4p should be recoverable with a profit..
And maybe work stating next month will push the price up...