LRS 5.56% 21.3¢ latin resources limited

Why would shorters of PLS buy shares in LRS to convert...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,885 Posts.
    lightbulb Created with Sketch. 293
    Why would shorters of PLS buy shares in LRS to convert potentially 3 months away (instead of buying PLS) when they have to pay ongoing fees to the Lenders of their PLS shares - that is a cost
    I hope they are getting set for a counter bid by RIO ( I can dream !!)
 
watchlist Created with Sketch. Add LRS (ASX) to my watchlist
(20min delay)
Last
21.3¢
Change
-0.013(5.56%)
Mkt cap ! $602.3M
Open High Low Value Volume
22.0¢ 22.3¢ 21.0¢ $2.444M 11.34M

Buyers (Bids)

No. Vol. Price($)
82 3744048 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
21.5¢ 1084778 16
View Market Depth
Last trade - 12.07pm 03/10/2024 (20 minute delay) ?
LRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.