ASX shorting is manipulation - white collar corruption in the name of providing liquidity.
Total ARU sales yesterday is 6.7M shares.
Total gross shorts shown below as announced by the ASX:
ARU ARAFURA RARE EARTHS LTD FPO 2,932,589 shares.
Therefore 43% of shares sold yesterday were sold short...
This is not immune to ARU, and is across many companies under the guise of liquidity on the ASX???
It is time to review the ASX system in event companies need a higher share price for operational matters.
Is this manipulation for the benefit of those buying in, or simply for those on the negotiating table? Time will tell, but you cannot tell me that 43% of sales when forcing the price backwards (as per yesterday close) is for the benefit of liquidity?
Short Sales - Here is the latest look through, page-8
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.8M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $127.1K | 803.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 130 | 5496103 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 1763909 | 15 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| ARU (ASX) Chart |