Thanks for the response farmboy, what an interesting case study. I always wondered what people thought of Rene Rivkin, good guy bad guy? Frankly I find it hilarious that the shorters got caught out so badly. I wonder if they went broke trying to service a %5500 debt, and would have to pay dividends to the lender as well! Is it possible to short penny stocks on the ASX or is it banned? What percentage of FMG under regulation could be shorted? How is it possible for a stock to be 105% shorted.. there isn't enough scrip to cover that? Messing with my head! Lastly, what conclusions do you draw from the 9% short on FMG in your analysis of the stocks value?
AGO Price at posting:
20.7¢ Sentiment: None Disclosure: Not Held
RIO Price at posting:
$58.04 Sentiment: None Disclosure: Not Held
FMG Price at posting:
$2.77 Sentiment: Buy Disclosure: Held
