RE: How many shorted shares must be replaced?My personal guess is that there has been alot of shortselling last week by people that do that for a living.
My guess is that they have sold alot of shares around 4,1 cad in expectation of the PP coming free.
Easiest way to see this is the last postings here of signatures created only for talking down EFR. One can hear excellent facts about this at this weeks www.financialsense.com with Jim Puplava.
These people probably did not count on neither the RI article or the coming pressreleases from the company.
10-15% up when one was shorting hoping to see it fall... Ouch..
Personally I increased in AUG today. As I said before I am not selling my PP shares/warrants in EFR.
I think it is a terrible idea to be out of production close junior companies the coming years. EFR will soon take its place as one of the very few producers out there. My other favourite is PWE. I avoid everything that Dines touches, especially UPC, Ditem and Mega since I think they are overpriced compared to better companies. Nothing that Dines touches is cheap afterwards.. Powerful man.