BRU 3.66% 7.9¢ buru energy limited

chart needs to bounce here !, page-131

  1. 415 Posts.
    I have posted this the other day, but it ended up in the wrong forum. Anyway, I had a look at the recent price action against the ASIC reported short positions. I firstly noticed that the short position report is very wrong. Sometimes the movement between days in the short positions is larger than the whole volume for the day.
    Anyway, let's assume the report is more or less right, than the short positions have increased by almost 7million over the last three months.
    Interestingly, the short positions have still increased over the last few weeks, but the price seems to have stabilised. I suspect that there is now also a larger buyer in the market.

    The shorts will need to cover, but the aim always is/was to buy those share back in a capital raising, so IMO, any news about a potential asset sale or further farm-out would really ignite the shareprice.Happy with today's action, but those shorts will not be able to cover their position with any of my shares.
    Closing price is red
    short positions are blue
    the number on x achsle is the days from end of November onwards

 
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