Hi all, Remember how I said total shorts 2% outstanding on PLS:...

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SuperNinja

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16/08/16

13:39

Post #: 18528562
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Originally posted by SuperNinja ↑

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.

View attachment 215750

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

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Hi all,

Remember how I said total shorts 2% outstanding on PLS: 10th of Aug 2% total net short.

In my opinion it is really pretty obvious correlation between shorting blue line and share price grey line.

Luckily it appears that PLS exec management did not listen to any of my suggestions.

Cheers,
Super Ninja

PLS Price at posting: 45.5¢ Sentiment: Buy Disclosure: Held
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