More stupid negative thread titles. We had been discussing the shorters on the other thread, why put more garbage thread titles out there, haven't there been enough already.
Highest level of shorting we have seen on RSG in recent times but share price is going up off the back of it.
As I said on the other thread 94.5 to 94.5% of RSG's share register is long and holding and why wouldn't you be as Syama has the potential to be one of the best individual gold mines on ASX.
The other 5.5% to 6.5% of owners of the stock have rented out their shares to people whose expectations are that the share price will fall and have sold those share into the market and are waiting for their expectatations to come true. As mentioned the owners of the shorted stock clearly have expectations that the stock price will decline far less than the shorters do, or else they would be selling their stock instead of making a losing bet on the rental income they have received or are due to receive. These stock owners clearly have "longer"/better expectations for the share price going forward than the shorters and are lending the stock to make money while their horse comes in. They only have to see a smaller decline in price than the shorters expect to beat them. If the share price actually rises instead as it is doing now they laugh all the way ro the bank. You see short sellers don't own any share of the company, they own a bet on the future by virtue of the borrowed shares they sold. I put my money behind the 94.5% to 94.5% who are long and holding and the other 5.5% to 6.5% of the share register who are trying to beat the shorters at their own game. Esh
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Last
67.5¢ |
Change
-0.010(1.46%) |
Mkt cap ! $1.437B |
Open | High | Low | Value | Volume |
66.0¢ | 67.5¢ | 64.8¢ | $10.88M | 16.42M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36098 | 67.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.5¢ | 377203 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 36098 | 0.670 |
1 | 36098 | 0.665 |
1 | 36098 | 0.660 |
6 | 94944 | 0.655 |
3 | 38636 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.680 | 184458 | 6 |
0.685 | 215588 | 4 |
0.690 | 544768 | 6 |
0.695 | 191598 | 5 |
0.700 | 292355 | 11 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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