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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Galena Complex in Idaho, United States of America (USA) and the Cosala Operations in Sinaloa, Mexico, and is re-evaluating the Relief Canyon mine in Nevada, USA. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala Operations are located in the state of Sinaloa, Mexico and consist of about 67 mining concessions that cover approximately 19,385 hectares (ha). The 100 % owned Galena Complex is located in Idaho’s Silver Valley. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility. Its landholdings cover approximately 25,000 acres, which include the Relief Canyon Mine asset and lands surrounding the mine in all directions. The San Felipe silver-zinc-lead project is located in Sonora, Mexico.


TSX:USA - Post by User

Comment by presto10on May 06, 2007 9:21pm
266 Views
Post# 12734798

RE: Short position

RE: Short positionThis short position increase has nothing to do with the prospects of the company. It is clear that parties or a party has been selling into strength. This is how the game is played when the big boys get their warrants exerciseable at cheaper levels, it frees them to short. I'm not sure why God created warrants but he did and we live with them. The good news is that exercise of warrants will mean a much lower chance of additional PP as we get our mill up and running. Ironic, eh? It is so darn clear that the strategy for this one is to buy it and put it away for the long term! If your strategy is to sell due to your perceived weakness (due to the above) I can't help you! And if you are that RARE bird that is going to trade his way to fame and fortune instead of holding great jrs for the long term, it was a privelege having you visit this forum.
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