Yes I was just looking at Shortman a moment ago and have been closely tracking the shorts.
And it explains the downward price pressure on the SP the past few weeks and with the number of outstanding shorts remaining it seems this will go on for a little while longer? Obviously due to the shorters trying to cover?
Looks like the shorters know when to stop knowing any of the following can drop at any time between now and and early July :-
a. Visual cores from Hartog?
b. MRE #2 released (I suspect it will be earlier than planned?)
c. Scoping study for starter mine
d. ?????
Its cunning how the shorters play the game but good luck to them.
Not investment advice and please do your own research
CHN chart, page-3075
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Last
$1.10 |
Change
0.035(3.30%) |
Mkt cap ! $425.9M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.10 | $1.05 | $1.453M | 1.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15322 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 26105 | 3 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| CHN (ASX) Chart |