Unless you can evidence your shorter theory @hotpasty (HP) I'm afraid I'll have to discount it for lack of substance.
The reason being, reported Gross shorts for 20-Mar-2018 on MOD (on ASX + CHI-X) is only 119,394.
Put it another way 0.00% (effectively zero)
Remember 200,000 shares shorted means they have declared to take the other side of your trade here; They need to buy back!
MTR bought on market, If that isn't confidence, what is?
Occam's razor - MTR are signalling confidence .
Nearly doubling their investment judging by the No of shares bought is a greast sign.
Everything suggests #MTR are ramping up confidence in their investment.
It must be the lack of news that is getting to you.
Just look at MTR's purchases in March to illustrate.
It tells the story of assured confidence in the JV.
OK it would have been nice if Keith remembered to format the pennies the same way, those mammoth purchases can get hidden, but I'm sure you'll all spot the trend...
atb
JS
MOD Price at posting:
4.5¢ Sentiment: None Disclosure: Held