Replay available
IIROC Announcement on Naked Short Selling – What It Means for Mining Investors
Join us for a great event!
Hosted by
Featured presenters
Terry Lynch
CEO, President & Director at Power Nickel
Terry is the CEO of Power Nickel Inc. and the Founder of Save Canadian Mining. Power Nickel is advancing the NISK project in James Bay Quebec. NISK has a historical resource of approximately 3-over-3 million-tonne 2 percent NiEq. Power completed an initial ...
Paul D. Davis
VP, Exploration at EV Nickel
Paul Davis is one of Canada’s leading public mergers and acquisition lawyers. He is widely recognized for providing trusted counsel on numerous high-profile proxy battles and precedent-setting contested transactions. Paul’s practice is focused on M&A, p...
Investor webinar replay
Meeting Overview The meeting focused on recent developments in the Canadian mining sector, particularly concerning short selling practices. The discussion featured insights from Paul Davis, a legal expert on short selling, who highlighted the implications of predatory short selling and the recent IROC announcement addressing these issues. Key Discussion Points - Introduction of Paul Davis as a legal expert on short selling in Canada. - Overview of a significant study on the short-selling environment in Canada conducted by MacMillan Minch. - Discussion on the impact of predatory short selling on the mining sector, including a study showing a significant decline in market value. - Explanation of the tick test and its implications for short selling practices. - Overview of the recent IROC announcement regarding naked short selling and its enforcement responsibilities. - Comparison of Canadian short selling regulations with those in the US and Europe. Decisions Made - No explicit decisi...
Replay transcript excerpt
[Speaker identities could not be resolved; generic labels used] [00:08] Speaker 1: Good afternoon, everyone. I believe we're live now. [00:12] Speaker 1: This is the 1st Save Canadian Mining podcast in a few months. It's an important 1. We wanted to [00:19] Speaker 1: bring you up to date with some developments that are happening in the field and [00:23] Speaker 1: we think they're relevant and would be of interest to our audience. [00:27] Speaker 1: Today, [00:28] Speaker 1: we're blessed to have on our podcast, [00:31] Speaker 1: probably that I would consider the foremost legal expert on short selling and [00:37] Speaker 1: the legal and framework in Canada. [00:40] Speaker 1: That's Paul Davis from MacDillman Binch. And [00:43] Speaker 1: I made some notes because I needed to make some notes because Paul's got quite a resume here. I'll just be brief, but he's a partner at Capital Markets and Securities, [00:53] Speaker 1: a specialist in M&A, [00:54] Speaker 1: and he's the chair of the Board of Partners. [00:57] Speaker 1: And yeah, so we're very lucky to have Paul today. [01:00] Speaker 1: And [01:02] Speaker 1: if we could advance that slide, maybe 1 right here. Yeah, [01:06] Speaker 1: back, yeah. [01:07] Speaker 1: So, MacMillan Minch did a very important [01:11] Speaker 1: study on the short-selling environment in Canada. I think it was released in October of 2019, just when Save Canary Mining was getting going. So they were like, [01:21] Speaker 1: you know, the canary really about this issue and, [01:25] Speaker 1: you know, a thought leader and still are. And so that's an important document and very, [01:31] Speaker 1: And I think what we'll do for our readership is we'll, I'll give you the link in an email. And it's obviously not a [01:39] Speaker 1: sm...