I-80 Gold Corp T.IAU

RE:Scathing...and true....4 million more shares sold short...

[60PlusWhoCares]

metalhead666 wrote: Why do you stay?

@globecruzer @ashy2classy...one of the comments in the seeking alpha article sums it up very well: "Students in their first semester should know that the congruence between investment and financing is essential for the success of a project. In the case of IAUX, the financing is not planned, medium and long term, to the expected investment requirements and expected cash flow streams, but quite obviously only according to the short term liquidity and cash position. This is reflected in the hectic, mostly unexpected recent capital measures. The conclusion that it must be an incompetent, amateurish management, at least in some very important areas, has led to a lot of mistrust in the market and following a crash in the share price. Symptomatically, at the last CC the CFO did not say a word about medium-term financial planning, i.e. whether the funds raised so far are sufficient or for how long etc. pp, nada. Also amateurish that during the extremely low interest rate phase, not too long ago, there no measures to use the lower capital costs for financing requirements then. So, a first positive signal would therefore be to dismiss the CFO. At lest someone has to take responsibility and signal the market a possible improvement in that crucial field. However, I view the lack of finalization of the JV as positive. The capital increase obviously served to make itself less vulnerable to blackmail towards a new investor. It's even possible that this new investor has now backed off completely. The fresh money means that you have enough financial resources for some time to make ends meet on your own and during this time to find one or more new investors to get a better offer, i.e. ensure less dilution for the existing shareholders."

Shorts get burned too............do not forget that