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04/02/24

12:50

Post #: 72227101
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Originally posted by jnene ↑

It’s not mathematically possible for their entire holdings of circa 55 million shares have an average purchase of 8 cents aud
the sp has only recently been this low and as we know they have purchased most of their holdings at last year at considerably higher prices
that said unless they were receiving fees for loaning out there holdings- this could in theory reduce their overall costs , however it’s known that only approximately 1.5% is shorted - which equates to 17 million shares roughly or a roughly 1/3 if their holdings , so no chance they have an average purchase price of 8 cents aud

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And yes they do loan out shares for shorts...

https://fintel.io/ss/us/ura
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