RSG 3.17% 61.0¢ resolute mining limited

being shorted

  1. 3,088 Posts.
    lightbulb Created with Sketch. 525
    RSG is being targeted and shorted. Unknown entity (probably well known to those in the Industry), probably not Australian based, is borrowing stock from BOA and making an absolute bundle via a sustained shorting strategy. Is it legal - Yes. Is it ethical - no, but why would they give a s$%t about this with so much money to be made. Does RSG know about it. I can only assume yes (see notice 6 July). But I'm not sure they can do anything about it. My only hope is that they are aware, and haven't done any share buy back since 28 June because they are going to try and squeeze this shorter out with some massive buying over the coming days. Short sellers can only be squeezed out via an onslaught , not gradual buying here and there. I can only hope this is going to be RSG's strategy. Maybe today will be the day as 1.25 share price is a little hard to swallow. If, and its a big if, this entity can be squeezed, upside momentum will be strong. Lots if IF's and Buts though. E.
 
watchlist Created with Sketch. Add RSG (ASX) to my watchlist
(20min delay)
Last
61.0¢
Change
-0.020(3.17%)
Mkt cap ! $1.298B
Open High Low Value Volume
61.5¢ 62.8¢ 60.0¢ $7.880M 12.90M

Buyers (Bids)

No. Vol. Price($)
2 41598 61.0¢
 

Sellers (Offers)

Price($) Vol. No.
61.5¢ 201024 8
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
RSG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.