This just shows how gutless our government is in not immediately banning short selling on all our recourse stocks immediately.
How, in any manner can it be acceptable that a North American entity can buy the stock and then immediately loan it out to other North American parasites who then short the stock simply because they can.
The tools they use to short the stock are Misinformation and Disinformation campaigns, Algorithmic and High frequency trading along with co-location of computers within the ASX and a host of other criminal methods.
The Australian Government must break all defense ties with the US until such time as the US financial system stops waging WAR on the Australian financial system.
PLS cannot trade on its merits alone whilst our government continues to support short selling. It just cannot !
"A rare earths producer backed by billionaire Gina Rinehart says greater transparency and regulation of short-selling
is required to ensure Australia’s securities law is aligned with the federal government’s push to stimulate the critical
minerals sector."
"Arafura Rare Earths managing director Gavin Lockyer’s request for intervention came as Minerals 260 chief executive Luke McFadyen also threw his weight behind calls for bespoke regulation of short-selling, which were ignited last week by Chalice Mining CEO Alex Dorsch."
It is in “the national interest” for critical minerals producers to get special protection from short-sellers, given the tactic is open to abuse by “geopolitical opponents” intent on slowing development of Australian critical minerals mines.
Australian Government.......where the bloody hell are you ????
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