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78.0¢ avz minerals limited

AVZ shares held by Van Eck REMX ETF, page-14

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n00bmasta

1,244 Posts.

141

12/06/22

11:29

Post #: 61963213
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Originally posted by tutor: ↑

Thanks for posting this. MVIS has applied its suspended securities policy and will delete AVZ at zero price. This enables the index managers to be able to track the new index composition.

REMX will hold AVZ until it can find a buyer, likely requiring it to resume trading for that size. Recalling stock loan is a challenge, they can probably get back unused inventory held by people they've lent stock to, but short sold stock is rather trapped.

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70m shares to sell is quite a chunk

Lots of easy lenders out there:

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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