Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
LSE
According to my data most Shorts are underwater.
Gladstone is just above water at a breakeven price of 638p
DE Shaw slightly better off at 653p
Kintbury and D1 Capital are still healthy shorters.
All the others are heavily underwater.
Mapper
In fact it appears to be £12M of sales I presume. They have currently been flagged as Ordinary trades. Not sure that can be accurate. Also just seen another 55K of sales at same price. Could these be delayed buys from yesterday. Maybe shorters reducing?
Mapper
As I said on Wednesday, Systematica reduced holding by 0.1% which was about 1/8th of their holding. As they are currently underwater, I suspect they have realised they are on a sticky wicket. Let's see which other shorters have reduced yesterday and today. Have to wait for Monday unfortunately.
Looks to me like shorts have used a mechanism to force the price down using a concerted attack of a number of them to panic other investors and are now trying to close their positions. Will be interesting to see who have reduce today. Will need to wait until Friday for that data
Mapper
Casapinos
Thanks for the clarification. I assume different divisions also have different commission/bonus based incentives. A bit like Wagner and the Russian military. Both looking for personal advantage.
Mapper