That is not correct.
If LTR was to go into voluntary administration and the administrators are called in - shorters do not have to cover (buy back their shares) and they walk away. It is the best possible outcome for a shorter.
I’m not saying that will happen, but it is something to bear in mind for investors if the loan funding were to fall through. It’s already happened once so there is a precedent…
DYOR IMO
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Last
77.0¢ |
Change
-0.035(4.35%) |
Mkt cap ! $1.867B | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 80.5¢ | 75.5¢ | $10.59M | 13.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 48744 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 154943 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |