My estimate on shares short is low.
As shortman is 5 days old...I think the shares short could be as high as 150million shares shorted or 7.5% of the register.
Someone or a posse of shorts are VERY short and caught very short. They thought there would be an on market sell down. A Crossing at $1.05 absorbed the overhang so they were hoping to get them. They didn't. This should bounce back toward $2.00 now which as it is entering production is where is would be by September and $3.00 by Christmas.
This dumbass shorting should get CXO to $3.00 by Christmas.
Ganfeng Selling CXO?!, page-32
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Last
9.2¢ |
Change
-0.003(2.66%) |
Mkt cap ! $196.5M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.4¢ | 9.1¢ | $1.037M | 11.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 1679243 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 150268 | 4 |
View Market Depth
| Last trade - 13.24pm 25/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |