<h1>Short seller releases 85-page report alleging mining conglomerate's parent company is financially unsustainable and poses creditor risk</h1> A US short seller released an 85-page report alleging a mining conglomerate's parent company is 'financially unsustainable' and poses severe creditor risk. The report claims the holding company systematically drains cash from its operating subsidiary to service debt, creating a structure resembling a scheme that could lead to group-wide insolvency. The short seller is betting against the company's debt instruments. The conglomerate dismissed the allegations as 'selective misinformation and baseless,' calling the timing suspect ahead of their annual meeting. Company shares fell 6% initially but recovered partially. The group maintains focus on business operations despite the accusations.