RE: Short positionI think no one in their right minds would ever short NAG at these prices. After we put a couple more mines in production, then we will see some shorting take place at the 0.30 and 0.40 ranges (and further up).
What has me worried most is not NAG's inability to keep to their timelines (permits, production, etc.), but the overall sentiment on the markets these days. Can anyone remember when we had an "up" day on the markets? Where were we a week ago. Or two weeks ago? If the markets crash, it doesn't matter if NAG produces a million/tons a year right now, it will negatively affect our share price. Instead of being in the dollars, we would probably be lingering around the 0.40-0.50 cents. Or even lower. That's just my opinion. I'm just trying to think ahead. What if in 2 years from now, the TSX is at 7,000 and the TSX-V is at 1,000. Do you really think a million tons/year would do that much for us?