Very Positive on the Short

Hi All,

Why the title.

Even with 40% of daily volume not being natural sellers the share price is still holding.

PLS historically has never been shorted this high as a % of total stock seen at 1.35% - please note this is 29th of July - if you add the table below to this we should be over 1.5% to 2.0% of total outstanding stock shorted.

This is not massive in the grand scheme of things - some stocks get shorted 10% to 15%.

No need to panic - but when it does unwind particularly if on the back of good news we are going to get one really nice spike in share price.



My guess is this part of an accumulation as this does not make sense as a profit trade. Risk of a price spike is too high.

The short is just enough to accumulate and offset the volume being bought.

Ken was extremely clear that another offtake will be announced before the DFS.

Maybe as other posters suggested this is due to the next BOA.

MIN you know you want to go after this

This may be wrong - non disclosure fine for being over 5% is $200 - someone can verify ?

Best Wishes,
Super Ninja