On the bright side...
The shorts hold 11% of the stock (thats not the bright side). But at some point they will need to buy them back. When? I dunno. But I am fairly confident that it will be before things like the fines recovery and sales announcement, drilling results and corresponding resource upgrade, BP33 FID. Those things will take some time but are on the horizon and may very well support a significant bounce back in the SP. Until then, i guess we wait for the next quarterly.
Gareth did say they will report realized prices of sales in the next quarterly which means definitely planning to ship more. Also means that we will get an idea of the offtake price and price ceiling (the ceiling that people here said that I was an idiot for suggesting existed but was confirmed to exist in the quarterly call)
Banter and general comments, page-30030
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10.0¢ |
Change
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Mkt cap ! $219.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $954.3K | 9.405M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 2887797 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 7140317 | 76 |
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| CXO (ASX) Chart |