GREY:MLKKF - Post by User
Post by
godisgr81on Dec 21, 2010 7:26pm
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Post# 17879336
Nice to see some are still around
Nice to see some are still aroundJust got back today from TCI and what do you know we are still just hanging around the same level when I left.
There is some large lots around $3.80 and if we can get pass this we are off to $4.00. I think the shorts will start to buy back if we break this level.
Regarding NR, I'm not surprised that the current management can't or won't release the November data. I think the data should be descent but maybe not great. Mike Surratt did say that they will continue to release monthly data until they achieve 50,000 ton target. Heck maybe they achieved it in November? But likely not, just wishful thinking. First of all, these guys are not shareholder friendly, so far Mike Surratt has full control of this company and his moving it the way he wants it to, which means the same old BS and perhaps more uncertainty rather than clarity. Don't get me wrong, I still hold a sht load of shares but I have reduced my holding by 20% in the last month and plan to sell more until I have a better direction from management.
I think the November production and the lack of management disclosure is already priced in and unless some shoe drops again, we should trade above $4.00 shortly. I think the latest short position is interesting, I think if we get passed $3.80 sp, the shorts will buy back in a hurry.