Member Info for foodforthought

Maybe a few hedge positions being opened? Who knows....??

Probably just profits taking and the same shorting shenanigans from Helikon, Qube and Veleon that we`ve had for weeks.

It`s ok, it took a few hours for the GBEnergy and Reinmetal NATO news to sink in too. I`m quite sure it'll take a few hours/days for this to sink in too.

Myoung,

Many thanks for that..

Very interesting. Where do you get the info from on the Co`s short below .5%?

Correct and RR is now dropping because Airlines are starting to park up their aeroplanes- Due high oil prices and supply problems. those that havn`t hedged are going to be the first to park up.

Does feel like that scene fro mJaws where Hooper begins to strap himself in as the reel slowly starts to inch out!

Yes my thinking too...I wonder if ITM have any other morsels to give us later this week, that`d certainly put the cat amongst the pigeons?

Helikon down another .2%

Brilliant!

They still havn`t moved. They have informed the FCA as per the RNS of the 9th April.

"Immediately following issue of the Subscription Shares, the Company's enlarged issued share capital will comprise 689,365,229 ordinary shares of 5 pence each with voting rights in the Company. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules."

In a way it`s good news- There's still over 24m shares to be bought back. The move upwards has been powered by ii buying in

My thinking too. Why worry about the shorters?

We know some ii are buying in and we know Qube are trading it. Other than that we know nothing...why Helikon position hasn't changed in over two years for instance - Is it a hedge?

Why? Think you might consider it if you had solar panel? I pay nothing for electricity to power my car for 8-9 months of the year...What`s not to like?

Spicey time to FO

There`s more than a good chance Qube is closing some more of their short. I wouldn't be at all surprised to see them go below .5% this evening. That could still leave them with a large number to close today.

MP0818,

Sorry to be pedantic but: They would be obliged to let the FCA know if they had a long position that changed their net short position. So we can assume they haven't bought any...They are net short 2.91%

MP0818,

If they are, long as you say, then they are breaking the law. Helikon have told the FCA that their aggregate or net position in ITM is short 2.91% or c18m shares....So, no they are not long. They have to buy back c18m before that can be net long.

Superbarnet,

You may well be right. But IMO, it'll go a great deal higher than £1.30 if Helikon decide to close- We still have `the short squeeze` trade to come.

By .1% to .59%

No, it's the `net ` position. So sure Helikon for instance might have a 1% long position but then their short position would be 3.91%...making the aggregate or net short position 2.91% as we see today on the FCA sheet.

No. It`s the net position that the FCA want. So they can't do that.

Exactly this Digitalis- irrelevant. Moved on up despite the shorts which is surely the best news. Means some other II is buying in.

Going to be a trade and a half if/when they do close though!