The Shorters who bought the around 1 Billion shares yesterday had borrowed the shares from the registered owner for the express purpose of using these shares for a shorting strategy. They would have made a substantial profit in so doing. In fact they actually made an extra A$12m on buying the shares from PLL calculated as follows: (SYA opening price $0.064 - PLL sell price A$0.052) x 1 Billion shares. Not bad for a day's work!
The registered holders of these shares are now being forced to sell because of SYA's exit from MCSI and probably ASX200 . They are the ones who are now losing the money.
General Discussion Topics, page-132799
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $277.9M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $356.1K | 12.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 9454443 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 364285 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| SYA (ASX) Chart |