Payday AheadNovagold short interest according to shortsqueeze.com actually increased today while G, Agnico etc dramatically reduced. Not NG, 12% higher short and that is just the reported short, not the naked short. NG ounces valued at about $22 or less now, cheapest ounces out there.
I expect ABX to come back to the well when the warrant holders are screwed out of any option value due to the shorts. Then with NG losing a much counted on $40million, and battling law suits, I expect the offer to come out and Nhuyse to be humiliated one way or the other as the rest of us become greatful to take even less than the $17 original offer. Pathetic, but I will take it.