The funny and deplorable excuse given by AT at last AGM for large amount of shorting in GXY was "because there is large amount of liquidity in this stock, its getting shorted!!" .
All the ASX 50 stock have large amount of liquidity compared to GXY then why are they not shorted to such an extent as GXY?? Because they are all sound businesses with excellent management team.
Also market thinks AT will not be able to find financial partner for SDV on terms he mentioned in the last announcement because 6 months back he said SDV partner announcement will be done by end of 2018 but on last day of 2018 he says still no partner found!!! Market doesnt believe a thing AT says anymore.
GXY is short sellers paradise.
Today close will be $2.20 IMHO
The funny and deplorable excuse given by AT at last AGM for...
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