ASM 1.29% 76.5¢ australian strategic materials limited

Pretty clear statement from the shorts, if you ask me. Good luck...

  1. 1,032 Posts.
    lightbulb Created with Sketch. 204
    Pretty clear statement from the shorts, if you ask me. Good luck to 'em, they clearly have the means to take large short positions, and in doing so sell down the SP, but sooner or later they'll need to cover, and I can't imagine many long term holders would even consider selling below $10. IMO the wild card is still Van Eck's holdings – if the lower SP leads to them selling in order to satisfy the criteria of their REMX index, then the shorts will be able to cover easily. Perhaps that's the plan.

    In any case, I'm just happy to hear that everything is still on track. That's what's important and the rest is just noise. Really appreciate you letting us know about your chat with DW. Thanks.
 
watchlist Created with Sketch. Add ASM (ASX) to my watchlist
(20min delay)
Last
76.5¢
Change
-0.010(1.29%)
Mkt cap ! $138.5M
Open High Low Value Volume
78.5¢ 79.5¢ 73.5¢ $303.2K 399.8K

Buyers (Bids)

No. Vol. Price($)
1 7712 76.5¢
 

Sellers (Offers)

Price($) Vol. No.
79.0¢ 1500 1
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
ASM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.