Replies to post #2544 on Northern Dynasty Minerals Ltd (NAK)

[blue finch]

It's quite easy

Contact your 2 brokerages and find out which department ( if I remember at fidelity it's the secured lending department?). That
Loans out equities.
They have you sign a few pages
That is it . No risk to you
You can sell your shares whenever and as you would normally do
They do the rest and pay you once a month

The brokerage is using your shares to fill loan requests ( shorters)
They will find someone else's shares to loan so why not take advantage
And make money for yourself

Now depending on how hot an issue you own -- the rate of % varies
For example
Nak apparently is not being shorted now
And the % rate is very loan (2.75%)

When NAK goes up soon I expect the shorts to jump in
And the % rate offered will be higher
( I'm not planning to keep it )
That's how it works

I have another stock that is paying 28% to borrow

The brokerage looks at your account and will use any equities they can make money with