Gleneagle have an AMSLA ( Australian master securities lending...

Gleneagle have an AMSLA ( Australian master securities lending agreement)
with Volcan Australia.
Now that they converted and sold 82.5m shares is the agreement still valid.
If amsla is still valid,borrowing shares and selling into a run
and buying back cheaper and returning without effecting your holding
would be the way to make money.
If it goes higher than the sell price of borrowed shares, just return 26.7m shares you hold.
Sound like win/win for ges.
Doing it in a day might not even require a notice.
Only beneficial owner after 3 days.
Maybe that's why it was removed.