The comments that some people make are ridiculous, there are companies that no one's heard of, who are exploring for oil and have no reserves and no real asset and they're worth $500M.
Yes Z1P is the 8th most shorted stock on the market, but remember the mentality of the big boys, they don't like retailers "making money on their ride" so there will be burn events where the opportunists get taken out.
With that much cash raised recently it's only inevitable for TO talks to come into play, which would see easy 20-30% bounce from here.
This happened with nearly all the heavily shorted stocks that I know of (Including KAR).
Create an environment where people think there's easy money, and then "wake them up".
GL all
Chart - Z1P, page-15898
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Last
$1.60 |
Change
0.028(1.75%) |
Mkt cap ! $1.811B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.62 | $1.57 | $12.72M | 7.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 143384 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 129364 | 24 |
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| Last trade - 12.06pm 16/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |