Alleluia!!! It's not just me. I've spread this story to umpteen sources over the last 12 months and have not received one reply, other than from the Australian Treasurer who just fobbed it off saying that it is a "necessary" tool for a "balanced" market!!!!
And of course from every shorter on HC!!!
Maybe people might listen to people such as Tom Goyder.
Chalice has 5.9 per cent of its register in the hands of short-sellers, according to the latest data from the market regulator. Five of the top-10 biggest ASX hedge fund targets are critical minerals producers and hopefuls. Mr Dorsch said South Korea had taken “exactly the right approach”.
“There really is no place for it in the critical minerals space or any sort of growth businesses where you are trying to do something very much in the national interest,” he said. “By allowing short selling you are just allowing your geopolitical opponents to restrict and basically put barriers to entry up to those newer growth players.“If you allow short selling of those types of pre-revenue companies you are disincentivising entrepreneurialism, you are stymying people who are trying to grow real businesses, people who are trying to create economic wealth and strategically important projects and sources of revenue for the country.”
Ban all short selling on stocks relating to critical minerals and ANY company in the ASX200 and above .
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Price($) | Vol. | No. |
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