GMM general mining corporation limited

GG and AC - if this seller is 2m shares "short" what happens at...

  1. 3,703 Posts.
    lightbulb Created with Sketch. 626
    GG and AC - if this seller is 2m shares "short" what happens at the end of the 2 day settlement time frame when he needs to deliver and is unable to "borrow" the shares elsewhere ?

    If in fact this is the situation the seller must be someone with more than 2m shares on hand to utilise a scenario where the stock can be sold down and by doing so he activates nervous holders to sell along the way..........the major seller may well be a major buyer at the same time picking up other holdings at the same time.

    All theory - wouldn't take much to move it up a few notches back towards the 60c mark IMO.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.