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)
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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
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
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?