Resourced, with 124m shorts out there i'd wait till the excitement subsides in a week or two before you jump in.
Personally, I think this stock will only get rid of most shorts once production starts and the first lot of cash hits the till,so we,re really talking june. Until then the shorts will not allow the stock to rise in an orderly manner.
Currently shorts represent over 7% of all stock. When we get down around 2% the stock will trade on its own merits and the manipulation will be minimal.
Good luck what ever happens,
what does this mean for you?, page-12
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Last
$7.85 |
Change
-0.090(1.13%) |
Mkt cap ! $7.286B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.85 | $7.70 | $22.48M | 2.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2285 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 6431 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |