For those keeping score at home.
365,000 shares shorted at 35c = 127,750
Todays finish 365,000 shares = $158,775 (todays high $175,200)
Currently -$31,025 + fees. = (todays high - $47,450)
Hard to buy back 365,00 shares currently. Hmmm..... only a matter of time before the sweat becomes a full dripping mess, IMO.
How long before Panic mode sets in? Lets say holders hold firm and no sales get added (Not likely I know, but fun to play with the shorters mind) then they could buy 55,547 shares and the SP would be 60c. Then they'd still need to buy 309k of shares above 60c, $185,671 plus fees plus the 55k already bought at an avg of 50c? -$85,421 Well I know I wouldn't want to be in those shoes. Imagine if we actually got some great news lol
For those keeping score at home.365,000 shares shorted at 35c =...
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Last
38.0¢ |
Change
-0.010(2.56%) |
Mkt cap ! $33.75M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 35.0¢ | $187.4K | 506.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19176 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 6806 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PPK (ASX) Chart |