That would indicate to me that a Capital Raise is just around the corner - giving the shorts a very lucrative exit and then the opportunity to reload more short positions.
Hopefully retail investors are included if there is a raise but I suspect Gina might be the only beneficiary - meaning dilution and a lower share price for existing holders.
50c very much in play imo.
Cheers
DYOR IMO
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-4031
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Last
79.0¢ |
Change
-0.020(2.47%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 77.5¢ | $10.13M | 12.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 365849 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 35511 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |