@Champas101, they don't have to cover, they can sit on it as long as they want. The days to cover is only an assumption if they were to, based on the trading volumes of previous days and weeks. In some cases they register a return and re-borrow on the same day. The most obvious stand out to me, is the short positions is relatively equal to around a CR of $100m at around 60c. Meaning if the company was to do CR for $100m all short positions would be closed without a sweat. Coincidental??? I don't think so. Who saw the last CR coming? Who??? The QR has also pinned the SP at 75- 90c without any improvements for next 2 years. The CEO effectively has valued the company under a dollar until 2026 or when bp33 come on line.
@Champas101, they don't have to cover, they can sit on it as...
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |