Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
And of course "being short" can also mean wanting/needing to buy something as cheaply as possible.
BHP are "short" Anglo right now and would like to cover. The world generally is "short" copper. There will always be some who are prepared to employ all manner of devious tactics in order to cover that theoretical short...
Morning Aggromemnon.
I genuinely have no idea if these chumps are/were short but it's possible, and might explain their bizarre commentary over the past few weeks. If they are/were not short, then they clearly have some other agenda, driven by one or more interested parties. Or they're simply a bit wrong in the head and have nothing better to do than troll ARCM. Also possible. What I can guarantee is that one or more of them will now reply to this post with something along the lines of they are just trying to protect the innocent from the evil rampers and management.
In terms of the mechanics, any spread betting platform will allow you to sell shares you do not own, which is shorting. The platform hedges their risk by shorting shares in the market, having borrowed them from a prime broker - something retail investors are not generally able to do. Occasionally, the spread betting platforms are unable to borrow stock or otherwise hedge, at which point they will not open new positions - we have seen that in ARCM this year. If you go long via spread bet, the platform will hedge by buying the shares themselves. They make money by charging you the funding cost on the position plus a margin, as well as via the spread, i.e. the difference between where they can buy and where they sell to you.
If you can find an easy and cheap way to buy calls and puts in the UK, please let me know. It's easy in the US but in over-regulated and poorly broked Europe I have yet to find a cost-effective solution.
I'll be outside the Burger King at Stratford Westfield from 7pm til closing if any hard men want to have a go.
Recognise me by the ultimate bean burger in my left hand and a punnet of strawberries by my feet.
The codeword is guacamole. Say that and it will kick off.
GLA, ALB, BBC, IBS.
Donkey that's completely disingenuous - you have made the point here repeatedly that the dilution caused by the last raise was now an insurmountable obstacle to potentially high returns for ARCM shareholders. When I made the point that said dilution was neither here nor there in the overall scheme of things, you doubled down.
As for your criticism of management, you clearly feel you've been wronged in some way and your arguments are emotional rather than factual. To address your concerns:
1. The Congolese assets had to go in order to get the JV done. Management took a view on the buyer. It didn't work out but the JV got done, which is all that really matters.
2. The price at which the raise was done was unfortunate, but was driven by factors outside their control. Whining about it says more about you than it does about them. As for the dilution, see point 1. above.
3. The fact that 2m shares or approximately £20k is a lot to you speaks volumes about the level of your self-importance. I think I'll go with management and their 50 million shares.