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
Sorry new to this thread (I'm in mining research), had a mate...
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