Towards $1.10, page-15

Hi folks

Today the slide has continued.

Earlier I discussed funds lend out shares to shorters. Check out shortman, As of 1 May 1% was shorted by the 25 May this has doubled to 2%. Interesting to see what it is with another week. 3% ?

Currently 10 TD until the appeals decision and we also have tax time arriving soon, realising tax losses to balance against gains in CGT.

The charts suggest that 1.15 or lower is not out of the question. Gvan is right that the shorters need to derisk so the 3-5 days before the 14th June could prove interesting.

Also it's not beyond the funds to put a squeeze on by re-entering the buying lists. But when. They will have more of clue as loaned out shares start being returned. It's a question of whether they will be bothered or not..

I am looking at another dip. I think that the shorters are doing me a favour.

Just my opinion, DYOR.

cheers Lies.