It looks like as of today, the short sell voulume 171,440 shares, had increased indicating that many sellers were in fact shorters. This means that those who genuinely wanted to exit their positions had already done so leaving traders to profit from the perceived Savanah issue.
If one takes this logic, then I am confident that genuine investers are just waiting for either the Savanah issues to be settled or are just waiting for the JORC trigger before re-entering. It is in the hands to some extent of the BMN board to work their butt off and put the announcement of the resource update out as promised!
It looks like as of today, the short sell voulume 171,440...
Add BMN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.12 |
Change
-0.040(1.27%) |
Mkt cap ! $548.4M | |||
| Open | High | Low | Value | Volume |
| $3.17 | $3.21 | $3.08 | $1.621M | 516.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |