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clock Created with Sketch. 28/10/22
14:30
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Originally posted by HCgreggy:
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It is obvious that the ASM share price has been pushed down by strategically selling large amounts of shares into the market. I believe that the 8.5 million shares that have been borrowed and short sold is supported by the trading of a substantial parcel of shares the shorting companies own. The share price will only turn around on the entry into the market of buyers with the resources to challenge the short selling that occurs on every positive announcement. Unfortunately these groups that should be buying appear to be in cahoots with the short sellers, lending their shares and facilitating the price manipulation. It is significant to me that on every announcement of shareholder holdings, retail holders have increased their percentage. Currently 64%. I did my bit. In time, with sales of metals from the Korean Metals plant, cash flow, and the Dubbo project financing and then in a couple of years Dubbo mining and sales the share price will turn. I am happy to hold and thank the posters on Hot Copper on the continuing good news from the Dubbo area, the development of infrastructure etc that is occurring now to support the project into the future.
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Haha, I remember when Macquarie research said AMI was the only gold stock worth buying. It was 65 cents at the time, now at 11 cents
(20min delay)