The Shorters who bought the around 1 Billion shares yesterday had borrowed the shares from the registered owner for the express purpose of using these shares for a shorting strategy. They would have made a substantial profit in so doing. In fact they actually made an extra A$12m on buying the shares from PLL calculated as follows: (SYA opening price $0.064 - PLL sell price A$0.052) x 1 Billion shares. Not bad for a day's work!
The registered holders of these shares are now being forced to sell because of SYA's exit from MCSI and probably ASX200 . They are the ones who are now losing the money.
General Discussion Topics, page-132799
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Last
3.4¢ |
Change
0.001(3.03%) |
Mkt cap ! $349.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.5¢ | 3.3¢ | $1.368M | 40.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 13154629 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 636953 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SYA (ASX) Chart |