...the market dynamics at this stage is that naked shorters are selling...not holders....but someone is on the other end...so someone is buying....and that is where it gets interesting....
....if no-one is allowed to naked short.... there will be an upward trend...which mean that the naked shorts will have to cover.... 20 million shares to cover will drive this to $1-$2/share easily... but the question is whether the AustralianSuper JV is orchestrating a collapse to optimise their $55M debt investment... and that is where Mr. Verner is coming in... he is managing this project into the ground so that there is no chance to equity raise...
...so it appears to be an orchestrated agenda between the shorters and management team....and that is the problem...
..so the sooner Mr Verner is removed/charged or updating the market on the real accretive M.O. by the management team...the better for all other equity holders....
...my 2 cents....
...the market dynamics at this stage is that naked shorters are...
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Last
33.3¢ |
Change
-0.003(0.75%) |
Mkt cap ! $346.6M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.5¢ | 33.0¢ | $331.8K | 990.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 1457292 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 52781 | 5 |
View Market Depth
| Last trade - 10.22am 05/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |