Ann: GSW - Continuation of Suspension Pending Announcement, page-70

Yep, you've hit the nail on the head here with issues pertaining to LR 3.1 plus others and the real elephant in the room being potential breaches of Sect 674 of the Corps Act (2001)

Insto's in all likelihood receiving independent legal advice on these matters and any hint of uncertainty here in the advice they receive = plenty of supply for the shorters to close out in VOLUME down to the 80c.

The $500m question remains what is FIL's position in the actions they take.

Separately, Regal's MO in dealing with these types of situations is well known to all in the market and how they can move in and out in a very aggressive manner !