Yes, I think that was what they played on plus the ECE exit, but reality is they they were responsible for circa 20-25% of sales of shares for nearly every negative day we had over the last 3-4 months (this was no coincidence-nor was how they closed out the day on most days in the red). So in actual fact, there is no reason at all for declining share price only that those dirtbags manipulated what is supposed to be a fair market. Although, I believe we will come out of this ok, Many other good/honest companies across the ASX would fall to this kind of behaviour.
When we take all the noise out of this, it’s simple, the shorters flooded the market, for 3-4 months with net shares of 67.5M still outstanding, which probably means in excess of gross shares of 120M shares in the last 3-4 months or so. The ASX allows this under the guise that it provides liquidity, yet I call BS on that excuse as 20-25% of daily sales of ARU shares are short sold shares. This is not liquidity but an obvious shift/ attempt to manipulate the market in a downward direction. I bought many shares on many days, and interestingly, short sales of shares increased during those days to accommodate downward pressure, and on other days you noticed their attempt to close out the day in the red. Refer yesterday as one of the many many days of their crafty behaviour-again under the guise of providing liquidity.
Again, as you have alluded the market will trend backward or forward according to commodity price and other sentiment at times. But, in actual fact, and as has been the case with ARU, it is clearly a planned and purposeful attempt to manipulate the market for their corporate profits!
This information, blind Freddy can see.
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $383.8M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 16.0¢ | $245.7K | 1.529M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 333293 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 877689 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 287968 | 0.160 |
117 | 5714990 | 0.155 |
85 | 3116990 | 0.150 |
27 | 1216669 | 0.145 |
22 | 2738632 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 487129 | 11 |
0.170 | 1583613 | 27 |
0.175 | 616463 | 14 |
0.180 | 986749 | 20 |
0.185 | 447273 | 14 |
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