Momentum is now with the share price, even the computer traders will now be detecting it.
All we need are a few positives such as the continued rebound in the POO, $1 billion of asset sales etc.
The short squeeze will then be on, as shorters scrabble to buy 100 million shares, the shares will probably spike 100% in one day ( look at glencore). The stock will go into a trading halt, a 10% placement will probably be made to instos at $10, followed by a 1 for 4 rights issue at $10. I can hear those shorters squeeling now.
$10 by Christmas
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Last
$7.94 |
Change
0.000(0.00%) |
Mkt cap ! $25.78B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $7.99 | $7.93 | $47.72M | 6.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 67051 | $7.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.95 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |