PLS 6.54% $2.86 pilbara minerals limited

PLS chart, page-22684

  1. 1,057 Posts.
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    I don't understand how people can ignore such predictable trading this week. Twice it been manipulate by shorters covering on market.

    ALB released news that they are truly struggling now in the economic environment despite having $2.2B USD in cash from their convertible notes raise in March. So they already have insight on how to weather the storm with fund secured. This is negative all around so it's obvious that shorters would closed some of their older shorters to lock in profits.

    Daily Gross Short Sales reported for 01-Aug-2024, ASX Limited (ASX) & Cboe Australia (CXA)

    https://hotcopper.com.au/data/attachments/6355/6355322-427c3ba6f2947ef7332afe4b3c90b66f.jpg

    What you mean look at the brokered deal to cover 2m shares for a "discount" after hours...

    https://hotcopper.com.au/data/attachments/6355/6355332-4ddaad4316a8815807f571f41a2084b2.jpg



 
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