So given the move - we have to question if there is something the shorts know ? This is quite alarming that shorts have built up a position in a very small period of time … and in doing so taken the share price to new lows.
what can it be? Bauna delayed restart ? Why hasn’t the company come out and said it’s back operational after its maintenance ? It’s 1 month on.
who dat east oil? Does this warrant the price action even if its dry?
upcoming results ? With div / buyback ?
it’s all very very strange - and I would have thought thst if Bauna was fully operational the company would put out an announcement… so perhaps this is why the shorts are pushing this lower ?
any thoughts from anyone?
PB
KAR Price at posting:
$1.63 Sentiment: None Disclosure: Held
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