re: Ann: Independent Resource Assessment Laur...
I'm not too worried about the shorters as I don't think they will win by shorting BRU..but for those who are interested there was another 405,482 shares shorted yesterday. Roughly 200k shorted on Wednesday and roughly 450k shorted on Tuesday.
The link below has probably also been posted..link to ASIC showing total short sale positions.
This is for those who wish to monitor what is happening with the short positions.
As of the 4th of Feb there was 14,056,744 shares shorted in BRU. This was sitting at 5.13% of total shares listed. Just three days earlier there was 13,199,780 shares shorted. This was 4.82%.
No doubt the % of short sales have increased unless in the last 4 trading days there were some buy backs. I doubt it. In total almost a million additional shares have been shorted and we saw the share price sold down heavily. It will be interesting to see if they decide to stop..buy back their shares and cut their losses. How long can they keep it up?
BRU Price at posting:
$2.46 Sentiment: LT Buy Disclosure: Held
