URA is just a Global X product, they don’t really know or care about ASN or if the price goes up or down. They are just making money on fees from retail and institutional players by being the man in the middle.
The short interest is about average for ASX, so nothing untoward and about what I would expect being in the All Ords and subject to basket trading strategies.
The ASN share price sucks because nobody knows about it, nobody is buying it and traders get to just move it around and make money as it swings about.
I am not really even joking, when I was in Geneva last month literally zero investors or brokers I spoke to at the event had heard of ASN. Not. A. Single. One.
The company has 2 options to change it;
1) Promote like crazy - like others, LKE did this and mooned before reality set in
2) Make serious progress so that analysts notice and start promoting for you to clients
- Forums
- Lounge
- The Froggy Channel.
URA is just a Global X product, they don’t really know or care...
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