If someone buys this guy's naked short at 53c and 54c this will scamper to 64c fast.
He may have to cover what he did yesterday tomorrow....perhaps the short squeeze is Tomorrow or Monday.
I may be a bit late here ....But I am not wrong. 80/20 odds. I know markets.
My read on PLS Tranche 1 was correct and my read on GMM being naked shorted is here also, except this will rocket higher because there is even less shares and a great emerging and well position and capitalised CF generating company.
This guy or broker really should stop blocking it. Its typical of Australian markets. This naked short deserves a spanking.
Just my read
-GG
GMM Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held