It's brave of you to call this out, Bhan. I fear you are right. There are several suspects for the relentless shorting of ARU stock, all with their particular motivations, and Gina is certainly among them. It would be a courageous thing for ASIC to do a proper investigation into this, but the widespread use of shorting to manipulate share prices and make companies vulnerable to low-ball takeovers is now a problem of national significance.
We need as many voices as possible exposing this behaviour. Birchcorp, Durro and other have already contributed. It is a pity that the argument between 1Naughty1 and Birchcorp seems to have led Birchcorp to withdraw from this forum - I hope it doesn't deter him from continuing his efforts outside it. As retail shareholders, we are in the same boat after all - we are being fleeced and the spectacle is enough to deter people from investing in the ASX.
I have been a shareholder in ARU for a number of years and was hopeful in April that I might at last see a return on my sizeable investment, but have now decided to reduce my exposure. I hope the Federal government's involvement with the company stimulates it to do something about the SP manipulation, but I am not optimistic now. I'm still crossing my fingers that I'm wrong.
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Last
18.5¢ |
Change
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Mkt cap ! $427.4M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.3¢ | $1.900M | 10.20M |
Buyers (Bids)
No. | Vol. | Price($) |
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102 | 4224702 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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18.5¢ | 172974 | 3 |
View Market Depth
No. | Vol. | Price($) |
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102 | 4224702 | 0.180 |
35 | 1975238 | 0.175 |
27 | 2805737 | 0.170 |
11 | 865544 | 0.165 |
15 | 618257 | 0.160 |
Price($) | Vol. | No. |
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0.185 | 172974 | 3 |
0.190 | 1599285 | 16 |
0.195 | 1589562 | 18 |
0.200 | 2458628 | 33 |
0.205 | 3110535 | 28 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Change
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