Hi Madge
I have noticed that one of the shorters key strategies is to identify co's where they believe a capital raise is to be conducted. This makes sense as if the shorters are correct they can typically buy back the shorted shares at a profit pre (or post) the capital raise.
IMO that is probably why there are still shorters in ADN - IMO the shorters expect that at some stage ADN will conduct a raise to generate funds for the Project development, at which time they will likely cover their short positions.
GLTA & DYOR
General comments/chat, page-37834
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $13.76K | 1.637M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 17425801 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 16335345 | 19 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |