LGL lynch group holdings limited

Today, after a very good report, with good production, low...

  1. 5,802 Posts.
    lightbulb Created with Sketch. 97
    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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(20min delay)
Last
$1.75
Change
0.100(6.06%)
Mkt cap ! $213.6M
Open High Low Value Volume
$1.75 $1.75 $1.75 $88.21K 50.41K

Buyers (Bids)

No. Vol. Price($)
1 530 $1.65
 

Sellers (Offers)

Price($) Vol. No.
$1.78 311 1
View Market Depth
Last trade - 15.49pm 24/06/2025 (20 minute delay) ?
LGL (ASX) Chart
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