Sorry new to this thread (I'm in mining research), had a mate just call and ask if he should buy based on this news. I see that the shares are held (borrowed) for the purpose:
"Borrowing of securities pursuant to a Stock
Borrow Loan Agreement (see Appendix B),
with power to control the voting and/or
disposal of borrowed securities."
But I noticed that some of the entities listed in the borrowing agreement are also linked to the company (Diamond Ventures). So this wouldn't appear to be a shorting play.
Can someone explain what BoA are doing in acquiring borrowed shares? Is this to assist in dual listing?
Thanks
Buck
Ann: Becoming a substantial holder, page-95
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