I agree , but it can all come terribly unstuck if they bring the...

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EricP

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12/10/23

12:49

Post #: 70308137
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Originally posted by Giobria: ↑

Those who lent the shares bought them because they believe the SP will go up in the long term. Meanwhile they lend them out, get the fee, when price is low they buy cheap, then they get their original shares returned, causing a buying frenzy, and the SP goes up, to higher than at the start of all this. So now they have their original shares, plus the new ones they got cheap, SP is higher and they earned a fee as well. Lots of money there.

They probably have paid mates on HC helping them to send the share price in the direction they want.

They can do this over and over again.

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I agree , but it can all come terribly unstuck if they bring the share price too far down it can then become an attractive takeover prospect if it's way under the asset backing , it's not a perfect science

CXO Price at posting: 37.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.9¢		Change 0.002(2.30%)		Mkt cap ! $190.7M

Open	High	Low	Value	Volume
8.6¢	9.1¢	8.6¢	$1.582M	17.61M

Buyers (Bids)

No.	Vol.	Price($)
4	510000	8.8¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	604661	4

View Market Depth

No.	Vol.	Price($)
4	510000	0.088
6	620000	0.087
11	1412222	0.086
11	2164614	0.085
9	651000	0.084

Price($)	Vol.	No.
0.090	604661	4
0.091	938780	12
0.092	1843770	12
0.093	1037697	10
0.094	974500	10

Last trade - 16.10pm 26/06/2025 (20 minute delay)

CXO (ASX) Chart

I agree , but it can all come terribly unstuck if they bring the...

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I agree , but it can all come terribly unstuck if they bring the...

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