Chokdee, agree on most of what you have said but in relation to the shorts I don't feel that is quite right, your figures don't allow for the last 4 days of trading which has seen an uplift in shorts once again. They have been working hard to keep this in check. Love these announcements as they put them under pressure but make no mistake, at this stage they have us under control. We need someone with deep pockets to take them on. I feel til anything is binding they will continue to have the upper hand unfortunately. The figures below clearly show they have accounted for around 20-25% of all shares traded between Tuesday last week and yesterday. You will see they creep back above to mid 50M again. It is infuriating to watch at times but it is, what it is. They will have to buy them back eventually and the fact the share price has been stabilizing despite this sort of action is very pleasing. I'm hoping the shorts are starting to read the tea leaves after today's announcement and thin out as you suggest over the coming weeks, I'm just saying they haven't done it yet and the only reason once again today, yesterday and the days before we ended up where we have. Can't wait for some real green days. Despite the frustration I have been able to double my investment to over 1M in shares just to show I'm putting my money where my mouth is.
DATE
REPORTED SHORT
ISSUED SHARES
% SHORT
1
19 June 2023
1,740,023
2,113,364,692
0.08%
2
16 June 2023
2,754,005
2,113,364,692
0.13%
3
15 June 2023
3,429,025
2,113,364,692
0.16%
4
14 June 2023
2,889,131
2,113,364,692
0.13%
ARU Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
(20min delay)