GXY 0.00% $5.28 galaxy resources limited

Blatant manipulation, page-143

  1. 2,538 Posts.
    lightbulb Created with Sketch. 1694
    Be interesting to see the quarterly results tomorrow. I am expecting them to be good. And if they are, that would normally mean a share price rise.

    There are 58,000,000 open short positions that need to be closed. That's 14% of the company's issued capital of 409,342,338 shares.

    The short position peaked at 70,000,000 shares about 3 months ago and have only been brought down to 58m thanks partly to the Black Rock fund managers recent sell off (maybe to help out their shorting mates?).

    Potential losses on short positions are infinite and I would have thought any significant news should have them scrambling to buy so they can hand back to the lender. I wonder if the shares are there for them to buy? And if they are, then at what price?

    If I was one of those shorters I would be shitting myself.
    Last edited by Wary1: 15/07/19
 
watchlist Created with Sketch. Add GXY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.