These shorters are at (before open today) about 118m short and I reckon then bought back 8m today, I can’t see the quant fools give up just yet, no one in their right mind would be short based on the macro so it’s a reckless trade that they will pour good money after bad until they raise the white flag.
mgt should orchestrate a trading halt, deliver multiple positive announcements and watch the shorters unable to cover and be in breach of their loan agreements when the lenders want their stock back
LOT Chart, page-327
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 (20min delay)
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $467.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 25.0¢ | $1.899M | 7.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 464294 | 11 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LOT (ASX) Chart |