DEG 1.61% $1.53 de grey mining limited

Broker data

  1. 604 Posts.
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    Hi.

    Going back to 30 June - 1 July we saw those two days where literally everything on the sell side was being wiped like no tomorrow and the SP ran to ATH's. I thought I'd go back and look at the data to see who was the dominant force behind that. Here it is:

    https://hotcopper.com.au/data/attachments/2283/2283117-5e10e32383126039684032cfc58bbc73.jpg
    So, Virtu ITG Australia was the bot/market maker in action behind that big move. On the other side was RBC, who had been strong accumulators from the $0.30-0.50 region, so, naturally some profit taking.

    Now, data from 30 June - today. We see that Virtu have been modest buyers since, and RBC have continued to take profits on their holdings:
    https://hotcopper.com.au/data/attachments/2283/2283129-4f87b3c6d8fa14a65f45d013e7613a4e.jpg

    So.. how much does RBC hold in total? The data below is from 1 April and suggests about 17million shares, although likely spread across many different accounts, so hard to know what % of that will ultimately be sold. That figure also doesn't include the last few days of trading action. You can also see from this that Virtu have been relentless with $10m bought and zero (yes, $0) sold.

    https://hotcopper.com.au/data/attachments/2283/2283132-1afd6e241d12e298aecf2156436384c7.jpghttps://hotcopper.com.au/data/attachments/2283/2283138-c04f07c9bf6e50afdb2a266d9edde23f.jpg
    Interesting to see how this resolves itself, I suspect we will continue to see RBC selling over the coming days, and hopefully a return of Virtu who have been absent in the past week. If Virtu return we know we'll be in good hands. Newsflow could also provide a liquidity event for any stale holders in the meantime.

    I'll continue to track closely. Any comments/theories welcome.

    Last edited by chipshuffler: 08/07/20
 
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Last
$1.53
Change
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Open High Low Value Volume
$1.56 $1.60 $1.48 $17.80M 11.60M

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Price($) Vol. No.
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Last trade - 13.56pm 21/09/2020 (20 minute delay) ?
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Last
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  Change
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$1.58 $1.60 $1.48 732040
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