It has come to my attention that these recent "Becoming A Substantial Holder" announcements not only disclose that they are LENDERS to facilitate borrowing of shares to short sell,
Since 25th October til today, it's done 75M shares. I suspect the range of lower highs from 76c to 70c have all been someone large position sizing along with the Insto's for a decline in price. What they know that we (Retail) don't, is yet to be found in hindsight.
Some have already alluded to a potential capital raising of a discounted price adding further dilution and debt to the books.
SENTIMENT STRONG SELL AT THIS POINT!Smells funk!
Ann: Becoming a substantial holder, page-7
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $416.0M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.3¢ | 47.5¢ | $1.327M | 2.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 55071 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 109441 | 3 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
49.0¢ |
Change
0.005 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| 49.0¢ | 49.0¢ | 47.5¢ | 1272936 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| SYR (ASX) Chart |