Ann: Carolina Lithium State Mining Permit, page-61

Sorry what is the confusion and no the ASX does not have the correct information.

This CDI statement below was from 3 March 2024. At that point in time Piedmont had 15.527m shares on issue over on the Nasdaq. They had 3.838m shares on issue on the ASX. In total there were 19.365m shares on issue. Because the ASX listing is on a 100:1 basis, the 3.838m shares trade as 385.8m shares on the ASX. The Market cap is the combined shares on issue (19.365m times the share price). If you want a USD MC, use the Nasdaq price. If you want an AUD MC, use the ASX price but make sure you use 1.936b shares (or multiply the ASX price by 100).

The ASX has a regulatory function over these 385.8m shares and as you point out 7.4m of those are shorted (but they are on the 100x basis). When converted back to Nasdaq equivalents, the ASX monitored shorting is 0.074m shares out of 19.365m on issue (0.4% of the total). The ASX shorting is trivial. The sources picked up by Yahoo finance will include regulatory reporting of Nasdaq shorts. That Yahoo reporting showed 2.58m shorts (so the equivalent of 67% of all ASX listed shares). That is where the big shorting activity occurred and why tonight's Nasdaq trading is interesting.

This is not the total view, its just the ASX slice of the overall view.