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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, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. 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 exploration and production licenses with the... see more

TSX:TXP - Post Discussion

Touchstone Exploration Inc > Short position in London is 9 Millions shares shorted
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Post by Proselenes on Jul 02, 2021 9:42am

Short position in London is 9 Millions shares shorted

The comments on CREST and loaning of stock refers to London TXP shares.

June 2021 figures now out.


TXP Stock on Loan (Shorts) from Euroclear

Jan 2021____0.52%
Feb 2021____1.23%
Mar 2021____7.14%
Apr 2021____8.65%
May 2021____8.79%
Jun 2021____8.74%

So still roughly the same level.

I should make it clear as I was mistaken by this, it is actually the Stock On Loan from CREST. So all your nominee accounts, how much is being loaned out from CREST.

In the case of TXP - there was average 103M stock held in CREST in June 2021 and 8.74% on average was loaned out.

So that means the short position is around 9M shares.

So everyone, YOUR SHARES, held in CREST by your broker, may well be being loaned out (at a fee) to the shorter !!!!!

Yes, you are paying them to hold your shares and they are then loaning them out to shorters for a nice fee.

YOU SHOULD -

Contact your broker and ask them for a yes/no answer whether they loan out shares that are held on CREST.

If they say no and put it in writing, fair enough.

If they do not answer, or pint to the small print of your terms and conditions, or say yes.......... MOVE YOUR SHARES TO ANOTHER BROKER !!!!!!!!
Comment by Proselenes on Jul 02, 2021 9:51am
Comment by whothe on Jul 02, 2021 1:21pm
Assuming this applies only to the UK and the London exchange ?  (CREST despository) 
Comment by Proselenes on Jul 02, 2021 9:02pm
Yes, Canada short positon is not that big at the moment, update will be out on Canada short positions next week.
Comment by Proselenes on Jul 02, 2021 9:12pm
Late reported 113,500 buy at 87.5p on AIM.  That caused the rise.  Most likely a small fry shorter trying to close. Given the big short position has not changed - so whoever laid this on is currently not closing and not increasing, looks like a speculative shorting raid (by some small fry) occurred to push the price down from 97p levels to 80p levels. They probably are getting a bit ...more  
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