LKE 2.50% 3.9¢ lake resources n.l.

Is the bottom in?, page-1381

  1. 21,254 Posts.
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    Over 41 million open short positions at 18 June 2024. Over 2 million new extra at .05.
    Now, where is the economics heading? Those 2 million @.05 have to be bought back to return them to the broker/owner. Max return if goes to, say, .01 would cost $20,000 and a $80,000 "profit" less charges.
    Ignoring the profit for the shorter, those shares that will be returned would be "worth" $20,000. Good luck to the shorter, but, what does the lender get out of these levels? Probably won't have any buyers at that price and be stuck with a lump of shite. Begs the question, why lend at these levels? Or, are the lenders the same as the borrowers??
 
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Last
3.9¢
Change
-0.001(2.50%)
Mkt cap ! $65.07M
Open High Low Value Volume
3.9¢ 4.1¢ 3.9¢ $106.9K 2.717M

Buyers (Bids)

No. Vol. Price($)
2 112920 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 600196 6
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