Hi JID
The correlation between USD/AUD movements and short levels, I estimated, is 89%. At some point in late '17/ early '18, this relationship will break down with the exercising/ extingushing of the warrants. A bull market in TFC will occur, forcing out the short freeriders. I believe the share price from early '18 through to late '19, will aggressively move to $4-5 dollars.
Yes, it is like watching grass grow. But it does give us time to organise our affairs to gain maximum benefit when the bull trend starts. If the whole warrant/shorter arrangement hadn't occurred, TFS would probably be $2.50- $2.70 and the company would be in the ASX200. Additionally TFS wouldn't have diluted small sharerholders ownership, of TFS, by massively issuing stock to the institutions, that have caused the suppression of the share price through their involvement with the shorters
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