Today, after a very good report, with good production, low costs, etc, and with a gold price of about $930/oz - what happens?
The shorters have a field day! LGL has been pushed down from 2.96 to 2.82 as I write this. Ab-so-bloody-lutely disgraceful! They worry about shorting being targeted against financials such as banks, and the damage that does - hence the shorting ban in the USA. But what about the gold and silver miners such as LGL and CXC? Shorted to buggery, and pushed down relentlessly.
I have long maintained that shorting is immoral - selling shares you don't own (borrowed or otherwise). Action like this merely reinforces my opinion. I don't buy the weasel-worded reassurances of the ASX that shorting is good and makes for an "orderly market". It should be banned - full stop!
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Last
$1.49 |
Change
0.080(5.67%) |
Mkt cap ! $174.5M |
Open | High | Low | Value | Volume |
$1.43 | $1.49 | $1.43 | $4.785K | 3.241K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4558 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.54 | 25 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 938 | 1.480 |
1 | 4558 | 1.400 |
1 | 4000 | 1.395 |
1 | 3423 | 1.390 |
2 | 312 | 1.380 |
Price($) | Vol. | No. |
---|---|---|
1.535 | 28 | 2 |
1.540 | 1708 | 1 |
1.745 | 3164 | 1 |
1.750 | 1884 | 1 |
1.850 | 1146 | 1 |
Last trade - 15.54pm 02/08/2024 (20 minute delay) ? |
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LGL (ASX) Chart |