updating the dividend yield, it is now 7.64% grossed up!
Time to build the position again
Just a note on the short positions. It must start to get expensive to keep them open considering the dividends that need to be paid on borrowed securities plus interest to trade on margin.
When 70-87% of daily volume are shorts it tells you that investors are not willing to sell anymore. Now it's shorters cannibalising themselves plus value investors entering. Check out shortman.com.au for shorts opened.
Cheers!
Ninja Tuna of the Bering Sea
JHC Price at posting:
$2.16 Sentiment: Buy Disclosure: Held