the villain - hsbc custody nominees

OK so the Announcements to market yesterday of Lynas Annual Report and MS 604 tell us some positively disgraceful conduct by a major shareholder IMO.

Firstly HSBS Nominees have distributed 251 Million shares without informing the market.

Secondly they returned approx 76 Million shares to MS ref 604.

So it is obvious that they have taken a short position of about 76 million shares then dropped 251 million on market.

I guess that tells us why some of us have been questioning why the selling keeps on coming.

They are required to inform the market of movements in their shareholdings over 1% under ASIC regulations.

Between their 2 holding accounts they have reduced their holdings by 11.907% of issued capital.

These guys are the reason the SP has been sold to these levels IMO.

They still hold 151 million shares.

If you are also concerned about this you can report the matter to ASIC and ACCC for investigation.

No disclosure whilst they do a dirty deed, what about the smaller shareholders.

JP Morgan Nominees also reduced their holdings by 5.399% of issued capital without any disclosure to market and returned approx 6 million to MS so they are on the radar also..

But in comparison to HSBC thats a drop in the ocean.