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Bullboard - Stock Discussion Forum Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state... see more

TSX:TXP - Post Discussion

Touchstone Exploration Inc > Shorting update - London and Canada
View:
Post by Proselenes on Mar 02, 2022 7:40pm

Shorting update - London and Canada

Feb 2022 figures added.

A bigger increase in February, with 160K additional shares borrowed and short sold.

TXP Stock on Loan (Shorts) from Euroclear (% borrowed from CREST holdings - average)

Jan 2021____0.52%
Feb 2021____1.23%
Mar 2021____7.14%
Apr 2021____8.65%
May 2021____8.79%
Jun 2021____8.74%
Jul 2021____8.49%
Aug 2021____8.45%
Sep 2021____8.39%
Oct 2021____8.37%
Nov 2021____8.37%
Dec 2021____8.72%
Jan 2021____8.49%
Feb 2021____8.64% (9.02 million short - up from 8.84 million in Jan 21)

--------------

Canadian Market shows the short position as of 15th February 2022 has increased by 159,733, so the total Canada short as of 15th Feb 2022 was 706,746

So plenty of downward price suppression pressure is being applied in both London and Toronto.
Comment by Proselenes on Mar 02, 2022 7:44pm
Excuse the typo.....obviously the last 2 are Jan 2022 and Feb 2022 (not 21)
Comment by stanley on Mar 05, 2022 4:58am
Lurk & Learns + Proselenes: Short Position on the TSX (+~375K) appear to match your AIM CREST increase. Meanwhile, TSX sales appear to be under the ("sophisticated") Anonymous handle. To the casual observer, overall trading continues to giving the appearence of an entity (with deep pockets in a $125/b environment) not willing to allow free trading of TXP shares; but instead ...more  
Comment by Proselenes on Mar 05, 2022 8:20am
Stanley, I think the price is being firmly supressed........and the potential for a hostile big coming in after the reserves report comes out and before Cascadura is online is very highly possible. If someone were to come in now, with say  180 pence ( 3 CAD) bid......I am sure they could pul it off.  And I think someone will make a bid, between end of March and end of July.
Comment by stanley on Mar 06, 2022 8:19am
Lurk & Learns + Proselenes: RE: Stanley, I think the price is being firmly supressed........and the potential for a hostile big coming in after the reserves report comes out and before Cascadura is online is very highly possible.  And I think someone will make a bid, between end of March and end of July. Stanley: Watching trade by trade and posting my observations of this ...more  
Comment by Binkie on Mar 06, 2022 12:24pm
Good points all Stanley, the point missing is your educated guess on the price range for M&A?   
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