BK your statement is not correct.
I´ve been monitoring DNK short sells for some time.
Reported short sells Danakali for the period 24.07.2017 – 16.08.2017 :
24.07.2017 DNK 100,097
25.07.2017 DNK 100,101
26.07.2017 DNK 95
27.07.2017 DNK 494
28.07.2017 DNK 84
31.07.2017 DNK 79
01.08.2017 DNK 63
02.08.2017 DNK 70
03.08.2017 DNK 65
04.08.2017 DNK 61
07.08.2017 DNK 58
08.08.2017 DNK 0
09.08.2017 DNK 0
10.08.2017 DNK 0
11.08.2017 DNK 404
14.08.2017 DNK 404
15.08.2017 DNK 0
16.08.2017 DNK 0
Those are the reported short sales only.
I´m sure there are a few more persons interested to keep the sp as low
as possible.
Short selling works only with additional selling of shares by weak or
nervous “investors”!
I have no idea why investors sell DNK shares at this stage - except those who need the money badly or have no time.
Short selling is a dangerous game - it can be expensive for the short seller.
Shortsell data :
http://www.asx.com.au/data/shortsell.txt
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Bell Potter initiation research note, page-6
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