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looks like they’re back to net zero… doesn’t look like they’re reporting all trades though…
Jam this is my big concern. If you are left with a limited share exposure and listed you could get absolutely ironed out here.
Don’t forget that there was £$150mn facility that needs replacing, what’s to stop a capital raise -40% to replace that and Gf take up their share? Do you believe the pis have the firepower for that? If they did would be in a much stronger position than we are now.
I’m certainly not saying this is the case but tomcat is very keen to get everyone to vote no as thinks can push the price up by redistribution.
I am playing devils advocate and saying you could be left in a really murky position as a pi.
I think its Barclays themselves because the 8.3 disclosure starts : ''Full name of discloser''
In contrast to (on other 8.3's) : ''Name of exempt principle trader''.......here I think its a market maker disclosing position changes of their clients.
Still doesn't help me understand why Barclays have nearly 5% short and nearly 3% long
Weiss asset management up to nearly 3% long today as well
Happy to be corrected/ educated on any of this
@Fozdog makes an interesting point : if u are selling short and u become a squeezed minority shareholder ....then what ?!
@jam2morrow "Barclays have themselves sold 18M shares short ? or a client(s) of Barclays"
Wouldn't the client have to be filing the 8.3 in their own name?
This is intriguing. At least in my part of the world, the short seller has to deliver any dividend that is paid on the shares, even when they don't own it. So I would expect the short position to be closed out before the Zinnwald distribution, if it happens. But maybe Barclays is selling ZNWD short, also. They could do that with up to 2.5 million shares, without hitting the 1% reporting limit. How does that work out, with the net number of shares they are short here?
The ZNWD chart certainly shows a significant decline since early August.
Despite shared initials I believe BB is much smarter than I am. I hope its strategy eventually is revealed.
Or maybe taking the view That if you don’t agree to it and left with stock might get smashed lower?
Barclays have themselves sold 18M shares short ? or a client(s) of Barclays now have short positions totalling 18M shares and will have to buy back from Barclays at given point in time ?
Second scenario sounds more plausible but I do not pretend to fully understand short selling.....anybody more knowledgeable on here ?
That's still a lot of money betting that the price goes down from here, effectively saying that the deal falls through ?
hard to say… both probably… maybe their votes will be offered on the same condition that mine will… is the profit small on those amounts… they clearly want an influence… and one that suits their position…
Hi tomcat-14 Do you think they are doing it for a small profit or .... there is more to it?
What are barclays doing ? that's a lot of money going short.
wow… but it still seems to be missing a few million shorts they’ve opened since the last notification… https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/xq7pynw … check your pockets…
mmm… barclays now net zero… so they have 2.7% of the company… for which they get their 2.7% of the zinnwald distribution… and a 2.7% say in it’s future… all completely risk free… are we learning anything here…
some serious stake building going on by some of those already over 1%… be interesting to see what the motive is behind this…
johnp - Nope ! just read some of his stuff and I still think he is a subtle troll. So no thanks !
barclays have just claimed one of those 2m buys…
CFD - contract for difference? so betting on whether price goes one way or another in a specified short time scale
CSD - cash settled derivatives ? so trading without owning shares ?
I see the Barclays RNS that they have @ 1.5% long positions and pretty much the same in short positions ? Go figure ?
All a bit above my paygrade I'm afraid but there does seem to be a lot of money moving around.
Does this mean that ii's are betting that they will be able to trade the shares at circa 73p without owning the ZNWD ?
Hi Mr C
Ever the contrarian I unfiltered BB over the weekend and to be honest now the posts are on topic I think his opinions are worth reading
There is also more trading volume than we ever saw a few months ago - the share price is saying this is a slam dunk by the looks of it.
Off topic, its nice to not have to read Border Bobs bull. He is the first and only person I ever filtered after he admitted being here to wind us up !
Anyone know how much cash has to be put up by the companies that buy these CFD’s? For example, if they need only 20% to control a million shares and can borrow it for a few months at a total cost of 2%, then collect a 10% yield when the deal goes through, they walk away with a 48% profit.
and some more… from yesterday after hours…
i’d be very suspicious about any broker asking me to vote on the actual offer right now…
Confused by the relevance of 3x£2m looks like a cash settled derivative no?
That’s the only rns I see triggered by 1% changes.
Also makes sense to go through at mids on those levels, really not sure why this has any relevance…..
I refer you to Hounds post at 11.33 yesterday. The only thing I am able to vote on is the GM resolutions for the meeting on 24th
Just to clarify The Corporate Action I received was to vote for or against the GFL deal and not for the capital reduction
@tomacat
You convinced me. Voted default to the corporate action received