Actually skribbler I disagree with you there - the total amount of shorting is 0.2% or $400,000 worth. In the grand scheme of things that doesn't move the SP by 20%.
If I recall, NMT bought back 20m shares (or about $6m worth) earlier this year and it had no appreciably positive impact on the SP.
I just think the air has come out of the lithium bubble a bit.
As stormynormy says the most sensible thing to do right now (assuming you believe in the long term potential of NMT) is just to sit on your shares.
Ann: Neometals admitted to NASDAQ International Designation, page-18
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Last
7.7¢ |
Change
-0.001(1.28%) |
Mkt cap ! $47.98M | |||
| Open | High | Low | Value | Volume |
| 7.8¢ | 7.8¢ | 7.5¢ | $48.01K | 627.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127254 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.7¢ | 124977 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NMT (ASX) Chart |