In recent days, the trading volume drops under 1M. Even in a sharp rising day, 2 days ago, only just over 1M shares.
On the other hand, the short selling position drops to 2.3M ends yesterday. That means a net reduction of 400K on the day share up 9%. Look out, a "major" short squeeze maybe on the way if the share continuous with low vol.
Will the 2nd cash installment from Ansteel in coming weeks gives the market a perfect excuse?
Only times will tell…
GBG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
