Blumont came out of halt today, the SGX did not allow shorting on the stock, nor people to buy shares in it without cash. Down a further 85% to 13 cents. Extraordinary. Last Thursday it was trading more than $2.
And people complain on the ASX about institutions playing with the price of stocks... at least we don't invest in the SGX.
Anyway, I won't keep harping on about Blumont here as its effect (in any) on RES is not yet known. Something interesting to read while we wait for further news on RES.
- Forums
- ASX - By Stock
- blumont article in coaguru.com
Blumont came out of halt today, the SGX did not allow shorting...
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