Thanks DrPWUWell GBG is the most shorted iron ore pure play then...

Thanks DrPWU

Well GBG is the most shorted iron ore pure play then FMG. Both over 2%. AGO fairly high at 1.79%. Regardless all 3 are well above normal shorting levels on the ASX.

I agree, a loan from CDB or BOC will see these shorts burn a little, unless of course the FOREX blowout is well above the market expectations.

The problem with GBG is it has so many shares on issue so it has become a traders delight. Especially in this price range as a coupe of cents makes a decent % profit.