"Why they dont have the guts to target AKE and LTR anymore?"
Its not a matter of 'guts', it is just that the price manipulation profits are bigger with PLS.
When they ease off the shorting the price of PLS will rise further and quicker because it is way below fair value. They can then sell at a higher price to get it down to where they rebuy and repeat the process. This has been going on for years and ASIC is happy to let it happen. What we need is a regulator with an operational requirement to protect the system (rather than to act for the benefit of ASIC and its senior staff).
The only cure I can think of is the banning of shortselling, but I see that as unlikely.
"Why they dont have the guts to target AKE and LTR anymore?" Its...
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 325534 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 158813 | 18 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |