It appears that some of the shorters are being a bit slack on reporting there shorts to the asx.
Almost 16 million less shorts to cover from the 9th to the 10th of may with only 3 million shares traded on the 10th the numbers just dont add up.
Perhaps they're holding of on reporting so they can cover as many as they can before the sp moves north.
At least we now know a fair amount has been covered and that other shorters know this too and follow the trend.
The average on the shorts are around 95c north of that we may see a bit of panic buying.
The drilling crew must still be finding more spodumene considering there excuse for delays were uncovering more and more so should be a decent upgrade. Its past early may deadline hopefully hear of the update soon.
Gltah cheers
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