Odd - on the ASIC short sales report the 29/07 reports 94 million short and the 30/07 reports 56 million short - funny I don't remember 38 million shares changing hands last week.
Either way that's a lot of shorts for a company trading at $100 million less than cash - they'd better hope no sudden news on buy backs, dividends or takeovers come out or they are going to get burnt big time.
With iron ore around $55USD these guys shouldn't be burning too much cash either - would be nice to see the price run to $60 just to shake up the shorts a bit further.
Odd - on the ASIC short sales report the 29/07 reports 94...
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Last
35.0¢ |
Change
-0.015(4.11%) |
Mkt cap ! $426.4M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 36.5¢ | 35.0¢ | $672.5K | 1.902M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 193719 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 152088 | 2 |
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| MGX (ASX) Chart |