Let’s say for shits and giggles that the loan syndicate that bailed LTR out (for $500M?) when the sale “collapsed” (wink wink) were/are also shorting.
I mean - why not? They receive interest on the original loan, and on the shares loaned out. They have made a tidy (huge) profit already so far if so.
Let’s also say (for shits and giggles) that they collectively get cold feet and feel their original capital is at risk - they decide to pull the pin on their loan and walk away from LTR (prob with a break fee).
SP tanks - they make even more money or even better (for them) forces LTR into administration/liquidation.
DYOR IMO
ASX Today, page-36068
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Last
65.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.576B | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 67.5¢ | 64.5¢ | $7.086M | 10.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |