- Short Geo Energy Resources?! Seriously? You might ...
Since my recent investing thesis on Geo Energy Resources, the share price has shot up crazily, in tandem with rising coal prices, such that I’m sitting on a nearly 100% return in just 1 month. That’s just crazy.
Here are my earlier posts, the 2nd one is also published on NextInsight:
Geo Energy Resources Investing Thesis – Part I
Geo Energy Resources Investing Thesis Part II
I got a nice surprise when my stake was borrowed under the SGX SBL programme. It’s nice because I get a time-weighted 4% for lending out my shares. It’s pretty rare though, I think this is only the 3rd time I’ve ever had shares loaned out.
I simply cannot figure out why anyone would want to borrow my shares though, a quick check with my broker confirmed that it’s most likely to short.
Which begs 2 questions: