@PurplemagicMate.
I am thinking the shorter's that are keeping them open may have already made good coin. We were over $1.30 not that long ago, so they have a bit up their sleeve profit wise.
They may also think that FFX may be sold down much harder from the 3rd as people no longer want to hold a pure gold miner and only wanted LLL. Seems like some here may be working to that plan if im honest.
Now keep in mind LLL Proposed listing is not until the 23rd so a bit of time to buy FFX low particularly with macro environment and next fed meeting on the 15th June when more interest rate increase is expected and add LLL.
As someone else pointed out, they may have had a position in FFX still and added some LLL in the shortfall to cover some needing to be returned.
I have a feeling FFX sp may be hit harder than some think and for this reason I have a bit of coin put by to trade any drop bigger than it really should be.
We will find out very soon.
Just my thoughts, not advice
Cheer
