It's unlikely to work out like this, but I've just done some quick calculations.
If we take from the 17th Oct till 1st Nov, the Sharts have closed roughly 3m shares for the costs of 32c in twelve trading days
Assuming linear calculations (and that my calcs are correct), it will costs them another $2.13 to close out 20m additional outstanding short positions and will take another 80 trading days. So that would make the SP = $4.17!
This range looks farmiliar doesn't it?
As previously discussed, a slow burn or quick chaotic spurts - the Sharts have an exit problem
It's unlikely to work out like this, but I've just done some...
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Last
$2.64 |
Change
-0.010(0.38%) |
Mkt cap ! $1.823B | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.64 | $2.58 | $2.297M | 877.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2375 | $2.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.64 | 3584 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PNV (ASX) Chart |