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Starvest - exactly!
If the 18 million sold @ 15,10 was theirs doesn’t that mean it has been absorbed and the other 2 mill they’ve put in has also been absorbed given today’s upward move ?
Hi JungleBabbler I’d already checked the FCS short regs, am I missing something?
I’ve been trying to sell my GCAT, against my better judgement for last few days but think Ggp increase has beaten me to it. Would have only been 60000 more shares anyway.
But further to my post yesterday about shorters, hoping they get their come uppence, but not go bankrupt. After reading todays post. I have changed my mind. I hope they burn.
Same here think there is a fair amount of coin waiting to b released from eua into here. imo
Hi Mercman - I’ve registered on the Shortdata.co.uk website (it’s free). It shows JPM took a short position for 0.5% of GGP on Weds 19th Jan 2022 and that the total amount shorted is 0.5%. Now I don’t know what you think, but to me 0.5% doesn’t sound outrageous and the fact that JPM are acting in isolation suggests their take on GGP’s position isn’t seemingly shared elsewhere. Therefore taking steps to counter their shorting seems a bit premature to me, but I am happy to hear other points of view? Tymers doesn’t seem bothered, nor Paddy but would be interested in Hydro’s and others views? Thanks all - just part and parcel of the shenanigans we have to face to win the prize here!!!
Nice cross-ramp
I threw my last dry powder in today , but if EUA deal lands for example in the next few weeks , that may put a whole new complexion on matters .
Not related to GGP , but a whole lot of PI's who also hold here would be bunging some funds in thats for sure.
Interesting question. Obviously, the outcome would have to be 'settled' for this to happen. I can't help thinking that a more vague rns would be issued to say either that both parties are within 10% of a price or outside of it and that the matter will go to arbitration for the final decision. Even so, who goes first with the definitive answer, NCM or GGP?
I’m in but can’t make a big dent…
Anyone else hear about the short disclosure and immediately want to add more. : p
Im sure we could russtle up a counter 20m between the top 100 holders here? Lol
Im good for another 400k if we decide to proceed
Sign up for NCM emails just in case.
Am I correct in presuming that the 5% deal will be released via rns in Aus first. Then ggp the following morning?
It may play out well for us but I don’t like bent scum being involved in this. Don’t trust them at all. Hope they burn!!!
And this in 2020, Barstewards, I hate them with a vengance :O)
https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us
I see today crookedJPM are boasting on their website to their institutional mates that they have been awarded Top Global Research Firm for the first time in 1Equity Research team section.
They have also announced Shorting GGP. I think they will be the bottom team in a years time after such a foolish move.
I am sure Shaun will give it the meat it deserves when he speaks to his institutional friends and will they laugh-Ha Ha.
GLA
GoGreen1 - you should read the links I attached earlier....
JP Morgan 'shorting' an AIM stock, really ????? Yep, looks like someone is panicking big time here before the news lands !!
Here's just a reminder of what JP Morgan has been up to in some of its other back handed dealings previously :-
https://www.dividend.com/dividend-education/a-brief-history-of-jp-morgans-massive-fines-jpm/#:~:text=%20JP%20Morgan%27s%20Fines%20To%20Date%3A%20A%20Brief,on%20JP%20Morgan%20misstating%20the%20delinquency...%20More%20
Tell us something we don't know StarBright. We have been saying that since the day they shombed us with that 18M
Also they are only required to disclose publicly when they hit 0.5% so they could easily have been playing around for ages at slightly lower levels and not hit the public disclosure level. With the low level of share turnover we’ve had that would still be quite a reasonable amount to drive price movements if timed right. Interesting.
So JP Morgan who was prosecution for manipulating the gold price using spoofing tactics is now shorting GGP.
Hi Paddy - that’s why it is so pointless in engaging with any of these “Boyo’s” as they change their tack just to suit their continuous negative antagonism. Why they crave responses God only knows (they must have really lonely sad lives) but the more they are ignored the more likely they are to move on. Many on here don’t seem to want to grasp that point. As for JPM their timing is absolutely bizarre - we had the vast majority of 2021 with a decreasing SP and now as 2022 hits we have MRE2 and 5% FMV to land plus assays galore - I just don’t get why JPM (and presumed professional investment managers) would take out a short position on GGP now? Are there any takers on a logical explanation? Thanks anyway and long and strong!!!
Interesting development! This is the first disclosed short I recall seeing, but others here will know the history far better. The position is disclosed by JPM Asset Management (UK), so it is likely held within one of their UK contracted mutual funds. Not then a proprietary position held by the bank for its own book or a position within a JPM managed investment trust. JPM AM(UK) aren’t well known as equity short players (unlike, say, Jupiter) so there isn’t an obvious suspect fund / manager. We may at some point find out which fund(s) hold the position, this will depend upon the disclosure cycle of the fund(s) concerned. I will watch carefully.
It could (speculative guess for discussion only..!) be that the recent 18.1m trade at 15.1p was their opening, with subsequent trades taking them to the 20.x m requiring disclosure on 19/1/21. No-one knows, but it is tempting to link this trade with the disclosure.
If SP was 36p and it was a year ago , you may pay some attention .
But at 15p , with what we know is coming , after a year of LTHs building up thick skin , and just as we are entering a massive gold bull run and precious metals rising double digit percentages almost weekly...
Good luck , you'll need it .
I've been aware that Short Declaration levels had changed in recent times and it transpired it was a whole year go - times flies :-
This link give somes background on the process works:-
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
and this link shows shows whose EXEMPT.......
https://www.fca.org.uk/publication/documents/market-makers-authorised-primary-dealers.pdf
alll VERY intriguing if you ask me.