RE:RE:RE:RE:RE:RE:Pfffgood question!
I did a quick search... lots of spare time currently locked down in Ontario. ..not intended to be a comprehensive list ..not including the TSE shorts... except FR
From Canadianinsider.com. and shortsqueeze.com
some that should be fair comps..
PAAS 1.36%
CDE 2% +/-
BVN 1.58%
HL 2.6% +/-
FSM 5.3%
AG. 23.9%
AG/FR 25.9%
to bring it close to 5%... they need to buy 40m shares and inject 500M USD
so you could say... those 50+ mil shares sold twice, first to the initial investor then again by the short seller to another buyer... it would be easey to make an argument that the actual market cap should include the $500USD investors have paid to own AG shares.... or you could say AG is trading at a $2/ share discount compared to the $$ invested.
shorting AG has been used as a hedge, .... it is no longer a suitable hedge, as it will shortly have a dividend liability. ... with the looming dividend, the shorters will have to pay the dividend on the shares they have shorted.....I bet they dont want to do that.. it may be the lesser of 2 evils, but this will start being unwound at some point soon... it will prob take a while for all these smart guys to figure out what is going on... I iamgine they are adding shorts as habit against thier long silver positions without realizing the implications..
any attempts to cover the shorts will be pushing new money into the company.. SP rises....
removal of selling pressure caused by the historic shorting... SP rises...