My thoughts. Given the whole renewables sector has been targeted - related companies across the board from lithium - graphite - rare earths and more have been deliberately targeted.
Why - the insto's were late to the exponential growth of the renewables sector and all the top govs globally investing in such along with Tier 1 global - household name companies. Also the insto's preferred to wait until the risk side of this global energy transition was removed - I mean the reality is clear for all to see now --- the facts are now - not conception stage anymore.
So the insto's collude as they do - by shorting renewables companies as a strategic way to load up with millions of shares in many companies at a low premium through what the ASX here says is legal. When they have their bags full literally free of charge - a little interest on shares borrowed - commission and a fees - of course they will reverse their strategy and push share prices of their new aquisitions north to new highs - when? could be a while yet but as 2easy2 advised - they are running out of shares to short here having relieved those retail whom could not - chose not to hold and leaving insto's (2-3-4 maybe) just trading pips between themselves.
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My thoughts. Given the whole renewables sector has been targeted...
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