If everyone placed an "out-of-reach" sell order, or instructs their broker preventing their shares being lent out, there wouldn't be a problem. Alas, the shorters will have to buy back at a much higher price!
Anyways, we will see how it pans out, but I doubt ASX/ASIC will do anything about it. It was only during the depth of the GFC that they prevented shorting, but now that the markets have stabalised somewhat...
Personally I don't think shorting has had such a big impact on VIL. It's simply the wait that had people scrambling to greener pastures. Rest assured, they will be back when they think the infrastructure is nearly complete.
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brr, page-60
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