Hi Daniel Short sold shares have increased to 5.7 million shares (on 28/9) just to stop the share price running above $2. With no obvious exit they must be hoping for a capital raise at a lower price to profit from their current short selling. I think they will have to short sell well above 6 million shares to control the share price with Dubbo off take deals due to be announced before the end of the year. Hopefully Dubbo off take deals will bring big institutional and international buyers which could panic the short sellers. Very much a game of patience.
ASM Price at posting:
$1.72 Sentiment: Hold Disclosure: Held
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