SHERRITT LARGEST SHORT TSE ??? SQUEEZE POSIBLE Message Board

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Gold/Mining/Energy : SHERRITT LARGEST SHORT TSE ??? SQUEEZE POSIBLE

S 15.28

+1.7%

Dec 30 3:59 PM EST

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To: marcos who wrote (2)	2/5/1999 9:51:00 PM
From: Fuller	Read Replies (1) of 5

Hi finally got up and running again. Checked sedar and found $675 mil. unsecured convertable debentures issued.at 6% maturing Dec 15 2006.convertable at $9.50. After 2000. Based on the last asking price, aprox. $61. earned intrest equils 12.5%. I suppose they could stay short for a long time.But i suspect if the short position starts reducing (it was i beleave 20 mil. before christmas)This could indicate a future rise in stock price.Since there is aprox. 1/3 of debentures = short and insiders have debentures IT is a good bet they will be ahead of market.

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