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2.27%

21.5¢ syrah resources limited

I fear your worst case is realized..they just let the shorters...

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matthew3163

84 Posts.

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18/09/18

15:22

Post #: 35674799
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Originally posted by ChoyaSan201 ↑

It’s been two weeks after the CR, we are yet to see the announcement of a change of substantial holders. I begin to wonder whom the management sold the shares to. The worst case is that the short sellers bought the shares to recover the short position, and they now have more ammo to further push down the price. As they sold the shares after subscription, there’s no change on net holding hence we are not seeing any updates on sub. If that is the case, then the management must be blamed to help the shorts to rip off the shareholders. I strongly encourage people who see the post to call their company secretary line 0396707264 to give the management a bit of pressure to disclose more details.
We saw a dramatic decrease on the short numbers on 11^th Sep from almost 20% to 16.22%, partially due to the dilution of new shares issued, but also partially due to short recovered. Who is holding the newly issued shares would become critical now.

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I fear your worst case is realized..they just let the shorters close out positions.

SYR Price at posting: $2.21 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 21.5¢		Change -0.005(2.27%)		Mkt cap ! $232.8M

Open	High	Low	Value	Volume
22.0¢	22.0¢	21.5¢	$72.69K	335.5K

Buyers (Bids)

No.	Vol.	Price($)
27	1154742	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	153528	11

View Market Depth

No.	Vol.	Price($)
8	116062	1.070
10	209299	1.065
8	106613	1.060
6	96647	1.055
10	132219	1.050

Price($)	Vol.	No.
1.075	58078	4
1.080	70753	4
1.085	72117	5
1.090	103210	6
1.095	57928	2

Last trade - 12.19pm 29/11/2024 (20 minute delay)

SYR (ASX) Chart