RE:RE:RE:RE:RE:Only 3 mines in prod this year
The turn-on for me here is the 30mm short position. Don't kid yourself: hedge funds love squeezing shorts. They won't miss this. KN has moved into a renued silver play, and Wall Street money has been coming into silver. They even went into perma-dog Couer, as it's a 'legacy' miner, but have figured it out. AG offers a fresh start.
Nobody, not even KN can predict silver prices with certainity, but that short position really makes owning this worthwihle. Unless they start giving it away you will make a bundle. just have to be aware that the shorts are always going to try and trick you out with these fast dumps, like today, and also dump on market down days. Its intentional.
The shorts were betting on Comapny collasping and silver going to $10. That bet isn't working.