Ann: Becoming a substantial holder, page-8

Yes it will most likely be to someone to short.
And it may be an event or a catalyst the shorter can see or maybe a simple pairs trade. Think SFR will outperform WSA so long that one and short this one.
it’s not the disaster people make it out to be unless it’s an expose type of research done on the stock that exposes a serious problem. I can’t see that here. Probably a view on rising op costs and shortening mine life.