RE: notice when the shorting increasesVagabund is right and I have a couple of observations to make (keep the knives behind your backs)
It is very common to see shorting with placements underway and Canaccord in particular is infamous for this practice. When you announce a discounted PP you're all but guarnateeing it will happen.
The shorting is a short term event and usually unwinds after the placement but, becuase its usually done by brokers with stock on hand (i.e. it's not really "naked" regardless of what the SEC might think) the shorts are covered with account transfers that do not generate a "squeeze" in the market.
If all the shorting IS ousiders and naked as some of you assume then you should be asking youself why people think shorting it makes sense. These guys need to focus on starter pit and higher grade (and thanks for pointing out that they seem to be doing that now, Kevin). Based only on the maps the company has put up and Newmonts old results the next couple of holes could be 0.2 and 0.2 stuff again. They cannot keep putting out holes like that and move the share price up. The Sprott guys are right - the CAPEX on open pit stuff (and opex, thanks to fuel costs) is going through the roof - you need higher grades to make it look viable or a good starter pit - even if its huge. The market will not keep giving them free passes on holes like the last time. I wish that were not true becuase I think its a great group but there you are.
Every board that I've seen that got focused on "shorters" was a board about a stock that had other problems. Best of luck and if I'm wrong about the next couple of holes (I hope I am, truly) I'll be buying right along with you.