I like your way of thinking. Spot price is slowly but steadily increasing.
That reminds me about the frog sitting in the slowly increasing hot water. Shorters will just sit there in hot water, not realising they need to jump out of the boiling water before it is to late.
That problem is. With about 24.5% shorted, there is about 101 milion frogs need to jump out of the water.
That is currently a market value of $410 million.
That is right $410 000 000.
How can institutional shorters justify their jobs if that number keeps getting bigger?
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Last
$4.48 |
Change
0.150(3.46%) |
Mkt cap ! $1.862B | |||
| Open | High | Low | Value | Volume |
| $4.41 | $4.63 | $4.31 | $42.23M | 9.380M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 9081 | $4.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.49 | 60451 | 26 |
View Market Depth
| Last trade - 15.43pm 17/06/2025 (20 minute delay) ? |
| BOE (ASX) Chart |