Because short positions of this nature can last for over 12 months.
It might be possible that this short is planning to take a higher % of ownership, but the Li and forward guidance of IO gives food for thought for some tougher times ahead.
My opinion is also mirrored with the Pilbara short position(s).
Once they do turn however.....
Ann: Change in substantial holding, page-15
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Last
$49.14 |
Change
6.010(13.9%) |
Mkt cap ! $9.656B | |||
| Open | High | Low | Value | Volume |
| $46.71 | $49.23 | $45.55 | $170.1M | 3.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $49.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $49.16 | 3984 | 1 |
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| MIN (ASX) Chart |