PLS 4.70% $3.01 pilbara minerals limited

Do I understand this correctly? The shorters sold up to $1.25,...

  1. rkb
    323 Posts.
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    Do I understand this correctly? The shorters sold up to $1.25, then 2.5% bought back at prices down to about 85c. Hence $1,250,000,000*2.5%(($1.25-0.85)/2) =$6,250,000 profit. Inna word, better than me. Good effort. Can't understand why, with that buying, share price is not stronger.
    Last edited by rkb: 07/06/19
 
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