I checked the correlation for the AUD/USD exchange rate vs. Net shorts.
The correlation is -89.7%
Or 89.7% of the change in short positions in this model is explained by the movement in the exchange rate. A dropping aussie leads to higher shorts
UBS is predicting over the next 18 months, the aussie will go to 69usd. Bunker down and wait for those warrants to be knocked out, because TFS is a prisoner of circumstances
I think I will write to Mr. Wilson and point out this situation
TFC Price at posting:
$1.70 Sentiment: Hold Disclosure: Held
