What is to stop a possible company with a interest in purchasing ARU working with the active 84 million short sellers on ARU, helping reduce the company’s valuation from 1.2 billion to 600 million within 4 months, the total cost of shares traded during this period on asx not including chix is $260 million, with cross trades and shorts helping the whole process out, what money would a company have to feed in and out of ARU, $20 million to plausibly save $600 million? If the SP drops to 20c an offer of 35c may seem reasonable. Just spit balling but it seems that a very large amount of Aussie junior companies that are set to be in very high demand industries in the coming years are being targeted, it would be good to have an actual defence against such white collar crime, but the asx as always turns a blind eye.
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $450.5M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.0¢ | $534.1K | 2.745M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 631081 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 91095 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 450450 | 0.190 |
36 | 1402850 | 0.185 |
52 | 2950448 | 0.180 |
33 | 1999047 | 0.175 |
42 | 4385432 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 91095 | 2 |
0.200 | 1253164 | 11 |
0.205 | 1037792 | 19 |
0.210 | 2285685 | 23 |
0.215 | 548767 | 13 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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ARU (ASX) Chart |