Today, after a very good report, with good production, low costs, etc, and with a gold price of about $930/oz - what happens?
The shorters have a field day! LGL has been pushed down from 2.96 to 2.82 as I write this. Ab-so-bloody-lutely disgraceful! They worry about shorting being targeted against financials such as banks, and the damage that does - hence the shorting ban in the USA. But what about the gold and silver miners such as LGL and CXC? Shorted to buggery, and pushed down relentlessly.
I have long maintained that shorting is immoral - selling shares you don't own (borrowed or otherwise). Action like this merely reinforces my opinion. I don't buy the weasel-worded reassurances of the ASX that shorting is good and makes for an "orderly market". It should be banned - full stop!
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$1.45 |
Change
0.000(0.00%) |
Mkt cap ! $176.9M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5663 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.46 | 11034 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5663 | 1.400 |
1 | 4433 | 1.385 |
2 | 13913 | 1.380 |
1 | 7575 | 1.320 |
1 | 25000 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.455 | 11034 | 1 |
1.460 | 14375 | 1 |
1.700 | 5000 | 1 |
1.850 | 1146 | 1 |
1.950 | 400 | 1 |
Last trade - 10.31am 09/07/2024 (20 minute delay) ? |
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