RE:RE:Gold up $20 tonight...Good comment Dixie....
Nozz was the one who posted the theory that a professional Short player may have been hired by BIG GOLD to hold the share price down, in order to fatigue shareholders, and be able to drive a lower buyout price.
I'm not saying that IS the case....just a very plausible theory.
The other notion is that the Short player(s) still think that NFG is overvalued, even at these levels.
I would have to think they are in a somewhat nerve racking point in time if they aren't covering much here, given a number of good catalysts we may see in the months ahead.
Seismic results, drilling deeper using seismic guidance, arrangements with Maritime to begin production from shallow high grade ore at NQW, rising price of gold spurred by macro events and dropping confidence in the US govt being able to handle their DEBT BOMB, Investors looking more and more to gold as a safe haven investment.
And then there's the possibility of a buyout offer at anytime, or a Big Gold Firm coming in to buy a minority interest.
There are a lot of risks for a Short position....and what is the possible gain for a real Short position....
That NFG is a 'lifestyle' company, and not nearly as promising as the results of the many many incredible high grade holes they've made?.....that doesn't really pass the smell test, does it?
So, the Short position seems positioned for huge risks vs very sketchy, if not totally improbable chances to make any significant profits.
So, are they covering?....are they at least covering their NAKED SHORTS?....and saving the recorded shorts for last?
It seems a mystery.
The Basher is working overtime on the CEO board with his multiple IDs.
Given the above, a professional Short contracted by Big Gold makes more and more sense.
We just don't know.....
How much control does a persistent, large, coordinated Short Player have over the share price?....I say a lot.
But, at this point they appear to be taking big risks for little possible gain.
It's a mystery....what will it take for the Short position to cover?....maybe they are covering now.
I wouldn't Short NFG.