Total shorts sitting at 226,902,143. Interesting that the institutions are allowed $150m which is equivalent to 200 million shares - nice opportunity to cover with low risk.
Andrew Forest Of FMG tried hard to protect the SP during the GFC and also recently . What did Nick Curtis do ? Kept the retailers uninformed . The instos did not object . Wonder why? Were they reassured of what is in store for them to protect their interest ? Allowed to short to full extent ,knowing that the risk is minimal for them because 200million would be waiting for them for the taking AT 75 Cents. So coincidental ,everything organised around the AGM. Clever ,clever clever our Nick Curtis.
I held LYC throughout and, I CONTINUE to hold as the future looks good . I hate rats nibbling on the cheese that i will be sharing for years to come . It was the retailers that voiced their opposition to the Anti Lynas , We deserve more respect from the Lynas board. And i don t think they deserve anymore than they are getting now.
LYC Price at posting:
80.5¢ Sentiment: Hold Disclosure: Held
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