Don’t want to comment on your motives here, I’m happy with their update today. “Up to” 2.3% of total issued cap will be sold over next 12 months. Could’ve been a lot worse, they hold 23%. Happy for them to diversify a little bit.
Shorters have been known to get badly burnt at times in the past. A2M had 9% shares held short in August last year when it was at $4.40, now it’s at $13 with 0.1% shares held short.
Expected returns to justify $1 billion market cap, page-18
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