LOT 11.6% 24.0¢ lotus resources limited

LOT Chart, page-310

  1. Riv
    138 Posts.
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    on the short side we have hit 100m but that is likely to be closer to 106m at their rate of 2-3m sold a day, if the JP Morgan facility is the only short (probably involves multiple different funds) then I estimate they have another 10m to sell, they can always borrow more but that would require more disclosure.

    given the volume of Lotus I cant see how this will play out well for them unless there is a large cap raise which in my opinion wont happen as a) directors have a large position and wouldn't want to dilute b) they might not need too c)why wouldn't they wait until higher uranium and share prices.

    Anyway I see it the Shorts are on a hiding to no where, they are having their day in the sun but not for long.
 
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Last
24.0¢
Change
0.025(11.6%)
Mkt cap ! $440.0M
Open High Low Value Volume
22.5¢ 24.0¢ 22.5¢ $1.721M 7.353M

Buyers (Bids)

No. Vol. Price($)
5 92624 23.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 99999 1
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Last trade - 16.10pm 10/09/2024 (20 minute delay) ?
LOT (ASX) Chart
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