My theory is that they bought in at 0.40c purely so they could cover/close their short positions (made an absolute fortune by doing so)
I don’t think for a second they ever planned on holding their shares at 0.40c and going long
So now, as short man has confirmed, they have added a ton of new short positions at 0.40c and below, therefore about to make a ton more money on the way down again.
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Last
9.9¢ |
Change
0.010(11.2%) |
Mkt cap ! $212.1M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 10.3¢ | 9.0¢ | $4.168M | 42.64M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 457262 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 145683 | 2 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| CXO (ASX) Chart |