short sellers influence short term. They are future forced buyers.
ive been a long proponent here for rrl to do a buy back with its current cashflow. Support the share price.
a lower share price while it doesnt affect profitability, it creates vulnerabilities by takeover and any potential m&a values rrl too cheap.
a higher share price Strengthens a company against those things. imagine being able to an all scrip deal to a junior explorer with resources? you dont need to dilute as much with a higher share price.
the effect of shorters is far overblown a lot. let em short at their peril.
RRL Price at posting:
$2.63 Sentiment: Buy Disclosure: Held
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