shorting.

The ASX needs to introduce a system whereby companies in their exploration/appraisal phase can apply for an exemption from shorting.Shorting, when applied to such companies drives the price down and makes deals or cap raisings more difficult to achieve on realistic terms.
It is also a form of manipulation.
Shorting clearly causes a detrimental effect to smaller companies .
Additional ways to prevent these adverse side effects , would be to limit shorting to companies with more than a certain number of shares on issue and with a certain market cap.
It would also help if company boards approached the ASX and demonstrated the damage shorting has caused them.
BRU seems to be the subject of shorting as we speak and I for one am sick of it.
Given the potential reserves at Yulleroo alone , as identified by RISC, the liquids alone are worth in excess of $1.6 billion, assuming a very conservative $10/bbl in the ground.This equates to over $5 a share.All of the other likely reserves would add many multiples of that, and yet here we languish at $2.30. What a joke!