TomboyHow can shorters who control only 0.92% of FMG's issued...

Tomboy
How can shorters who control only 0.92% of FMG's issued shares be responsible for the current share price decline?
Shorters try to identify overpriced shares, take a position and wait for the smart money to reduce their positions and mitigate any further loss.
The big institutions are the real drivers of share price trends.
FMG is a single commodity producer heavily reliant on China and considered high risk compared to other diversified mining companies.
Hence the high yield and low PE ratio in the short term
Mining companies in general have been notorious for destroying shareholder wealth.
So FMG's current and future SP is a reflection of overall market sentiment and shareholder opinion on future IO prices, realisation % for lower grade IO, quality of the ore body, ability to control costs, probability of green projects success, confidence and trust in management.
So I think your hate of shorters is misdirected.
Interaction between Buyers and Sellers in an efficient and informed share market determines what the SP should be although I believe the SP sometimes lags the fundamentals.
Just my view of the share market.
Good Evening
Minval