I called the company and they say they are aware that someone is shorting the stock. They are curious as to why someone would short. Forestry and financing is on track and will be achieved as forecast in ASX releases. They pointed out if there was any issues continuous disclosure requirements would mean they would have made a release about it."
So everything is still on track, good news soon and we should see the shorts squeezed.
I wouldn't be surprised if the stock didn't move quickly back to 20-22c and then release of forestry news followed by new highs in the stock for this year.
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Open | High | Low | Value | Volume |
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1 | 30000 | 0.084 |
1 | 8296 | 0.083 |
2 | 36585 | 0.082 |
2 | 42500 | 0.080 |
Price($) | Vol. | No. |
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