On page 5 it seems to say that BNYMC are the "depositary...

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    On page 5 it seems to say that BNYMC are the "depositary administering an ADR program for Ioneer Ltd". Does that mean that although they are a substantial holder they are simply holding shares on behalf of the owners of IONR ADRs? And does this suggest that the number of ADRs went up, reflecting increased buying on the NYSE?
    Last edited by dreamcatcher1: Thursday, 21:29
 
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