RE:Thank you Dan, for your novel novel, but..........I don't claim there is naked shorting of NFG.....there is reported short positionon both the AMEX and Venture exchange. Now, that totals close to 2 million shares
That is a lot of shares to buy back and NOT effect the price in this new, REVALUATION of gold upwards.
Shorts in NFG have been able to have an effect because the volume hasn't been that great, plus NFG sells shares At the Market to keep their cash coffers up.
Now, with gold blasting across investors computer screens, volume has skyrocketed in NFG. This shows NFG is very much on investors radar screens. They already were aware of the great prospects of NFG.
SO, the implications for the Short position in NFG is that they are in a precarious position. They are now begining to lose the profits they had.
If Big Gold is Behind the Short position, it is simply costing them more to try to keep the lid on NFG.....and there is no need for NFG to sell even a small percentage position to BIG Gold to raise development funds. Funding is surely becoming more available to NFG. NFG may simply NOT need Big Gold to develope, mine, explore the massive Queensway project.
Here is an excerpt from the recent write up this newsletter did on NFG and other gold stocks, and they are NOT sponsored by NFG.:
"
Now that they have the seismic data to help them target deeper to see if they have bonanza-grade gold mines like Goldcorp did and at the Fosterville mine they could be very close to absolutely hitting it out of the park with what could be the most important orogenic gold discovery ever found worldwide."
https://rocksandstocks.substack.com/p/could-newfoundland-be-the-next-abitibi