STX

9.52%

23.0¢ strike energy limited

Australian article re Hancock, page-175

First 175 Last

Share
Profile

Follow
wot

10,308 Posts.

1458

19/06/24

13:34

Post #: 74390012
Share

Originally posted by wednesdayschild: ↑

@kmuirhead @Luck101

Yes and No with a lot of confusion due to the reporting rules and disclosure timelines which do not favorably reflect the instantaneous nature of a 24x7 global digital market place. Yes the seller must report the particulars of the sale to the broker but in instances however when the short seller and the lender are the same party where only one party actually makes needs submit the report. This creates areas of ambiguity particularly for retail participants as the obligations of short seller may depend on where the shares were borrowed from and where ultimate ownership lies. Consider for example if your trading account is directly or indirectly attached to a margin facility. Instances of a short sale against the box also requires serious consideration. In most instances however during a short-sale when shares are borrowed they are immediately sold back into the market by the broker such that they themselves maintain a long position as security of type against the short position. Technically and legally without an end date in reality however most short positions are closed out and re-cycled on a daily basis by short position holders creating the volume churn many are familiar. The remainder a largely cycled on average every 10 - 12 trading days. This is a practice undertaken by entities that regularly include pension and superannuation funds who do so to protect member holders from the asymmetric risk nature of long and short positioning. In the instance of STX this includes Mercer, REST, NAB, AWARE for example where they borrow to short from State Street at a rate compounded by their time line exposure effectively – arguably, also placing any discussion on the morals or otherwise of shorting firmly at the pension and superannuation providers feet and that of their many members who benefit from this practice. If open to better understand the process and effect, many years ago the Bond University conducted and online published on their Research Portal results of their study on the impact of the short sales on the bid-ask spreads which is largely still true today and may also make for interesting reading.

Expand

Imagine shorting 8.5% at this verocity and still struggling to pierce 20c. They will need to close at some point..if management are smart they delay Se1 to after WE (if debt funding is not forthcoming) However I believe we can still get debt.

SE1 UPDATE due next 2 weeks.

STX Price at posting: 20.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BUX

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

There are more pages in this discussion • 48 more messages in this thread...

First 175 Last

Add STX (ASX) to my watchlist

(20min delay)
Last 23.0¢		Change 0.020(9.52%)		Mkt cap ! $659.0M

Open	High	Low	Value	Volume
21.5¢	23.0¢	20.8¢	$2.859M	12.94M

Buyers (Bids)

No.	Vol.	Price($)
6	226888	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	4366669	32

View Market Depth

No.	Vol.	Price($)
6	226888	0.225
5	380000	0.220
8	878892	0.215
14	1340308	0.210
31	1224333	0.205

Price($)	Vol.	No.
0.230	3809669	31
0.235	738380	17
0.240	1313046	16
0.245	678188	14
0.250	2059188	27

Last trade - 16.10pm 04/10/2024 (20 minute delay)

STX (ASX) Chart

Australian article re Hancock, page-175

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Australian article re Hancock, page-175

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News