Hi One25. Birch has been the one and yes big thank you to him. I did not follow up on my dissent of shorting to Madelaine King - shorting a company that can derail their path to mining of critical ex China - ESG renewables minerals seemed at odds to what the Gov are doing in supporting with finance to make this happen for various companies.
I instead went for a walk - cleared my head and came up with the same as before when shorts have frustrated me - no probs - this will pass when company delivers and we will at $2+ in 4-5 years. The other thing was the details that Birch kindly provided from the live chat after the quarterly release in which management were not phased by the current shorting - If they are not worried - why then should I. Perhaps they feel they have plenty arriving that will remove the current de risking (and that is clear in large details provided for first time in this quarterly) an dbest to focus their efforts on such - rather than shorting which is rife and permitted accross the ASX. Unless the gov wakes up - that the high level of shorting of critical minerals stocks that they themselves - the bloody gov are trying to assist get off the ground - then nothing will change.
Rudd did it in the GFC era - yet another frank admission by a global government that shorting is corrupt and beneficial to BEOT only in fleecing retail holders over a sustained period of time. One has to ask why Rudd took action then and why not now? GFC people were cash poor - economy was ice cold - spending - jobs the whole show was on ice. Opposite now as many wealthy people can spend and spend - have no mortgage and inflation remains stubbornly high. By placing shorting bans - that would put more monies in retail investors pockets - that would in turn overheat the economy from spending and in turn inflation that the gov are trying to lower - at the expense of young families with mortgages doing all the heavy lifting as usual - the lower and blue collar take the hit. Sorry - bit deep for a Sunday.
ARU Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)