Arafura Rare Earths Ltd, page-472

I'm not so sure EW given
1. Does the number of 2.2 million imply an increase or overall for that day - therefore a possible reduction.
2. The short position is at near yearly high position so do they have much powder remaining?
3. The quarterly and subsequent webinar clearly demonstrates management's big push on sp increase prior to large equity raise and this will be franked by many critical PS announcements.
4. If indeed the instos as much discussed are behind the accumulation - shorting - is it then plausible they now begin to reduce their current position and then actually want an increase in SP to maximise their gains on large holdings now they have accumulated at a very low average and that will bump up when they participate in the equity raise yet will remain a very low average to the near term higher SP.