agree on the comments . Share price action and the continued maintenance of the 90 million short positions by the hedge funds i think is being aimed at the ongoing capex spend .Cash position down to 300 million with ongoing stage 2 at mt weld plus the power supply integration still consuming cash
i wonder if the hedge funds think they might need to raise capital in the future hence maintaining the short pressure
will be interesting to see if it gets raised at the brief today by the sell side analysts
thoughts ?
LYC Price at posting:
$7.09 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)