Bag of updated numbers /stock / shorts %13 Feb 2022 16:15
Fresh week incoming , & likely in nervous & volatile markets with all what’s happening
.# Ukraine skirmish
Let’s hope we get an update on the asset sale perhaps licences , JORC , MOEX , etc , to keep the Wolves from the door , or the whole lot & crush the shenanigans.
Certainly plenty of news anticipated .
Meanwhile - Green Energy Boom keeps demand high for PM
Precious metals keep motoring north
Nickel Price 23,700
LME Nickel inventories drying up
Current ii Stock & Funds ownership
Stock - 68.5 million- + approx 1 million Jan
Funds -59.6 million + approx 1 million Jan
VanECK - increased holding 500k in January to 4.8 million ( Ortex showing 5.1 million)
Anders U.K. - added 500k in January- holds approx 30 million
Had a rummage in these stock on loan figures %
Stock on Loan / Shorts
Current
30.6 million
Days to cover 3 .1 - high & above 3 which is classed as risky as would take 3-5 days to buy stock to cover in current vol
Number of loans - 123 - high - ( 3 month ago - 42 ) it suggests lots of small shorts - as large shorts noted - so perhaps lots of hedging against large longs mixed with small shorts gambling on war .
Utilization - 75% - high -
Cost to borrow - 3.3 increased
Market cap - 608 million
Free float 1,9 billion shares
Average daily vol- 9.9 million
BOD hold 21% of stock
USA ii in twice @ 26.5 - currently 25% under that price - just saying
DLA Piper, UBS , WA all negotiating best deal for stockholders & min 80% Divi noted in RNS
Concrete numbers on Deck via an RNS & the stock will re rate to the deal value
# strategy will be successfully concluded
Rums all Round