BlackRock
Citibank
Bank of New York
Boston Global
Regal Funds
Macquarie Bank
Why did the above funds lend their GXY shares to UBS?
If lithium will be in over supply and the price will trend down, why didn't they just sell them. Imo it is because the shares are pain in the arse to accumulate and once out, they would find it impossible to accumulate the same amount again without pushing the SP price to new extremes.
This latest short shows me that funds world wide are under weight renewable miners, especially in Australia, the largest Li supplier. They have had their heads stuck in the sand in the middle east, earning big money on weapons contracts and have missed the biggest threat to their investments. Renewables. When they go to there board meeting with share ownership analyses, these sort of manipulative movements are the result.
The story hasn't changed, it just gets better and better, the one percent need more exposure, instead of choosing to invest, they choose to pilfer. I am not just talking shares, I am also talking whole companies.
GXY Price at posting:
$3.06 Sentiment: Buy Disclosure: Held
