Hey V- Sj spent a bit of time talking about the van eck rebalance at the agm. They have to get rid of 100m shares. They have sold 20m already and the rest has been prep with short sellers and hedge funds. Hence his comment that the worse is over and we should the sp should recover after June 16. I have no idea how or why it's prepped with short sellers. Doesn't make sense to me. Doesn't van eck want the highest price when they sell? Anyways, I think the shorts won't get burnt on this occasion. The shares from van eck will probably be used to cover.
BDR Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
