RE: Shorts decrease againLooking over the short history, the short or shorts got burned pretty bad. The short peaked on 1/31/2011 where RGX was $.48, and the high before was $.67. Then RGX went as high as $.90, so during this period, the shorts got burned really bad. Today RGX at $.54, still higher than $.48 on 1/3/1/2011, with only one day RGX traded below $.48 for few minutes. Thus, whoever held the shorts from 1/31/2011 to now lose money on shorts. As the total number of shorts decreased over time, the short did not work even with the help of resident bashers here attacking RGX from every issue, including real, potential or totally fake issues.
The short arguments will be valid only if 1) the resource is not there (that will mean the drilling results before are fabricated); 2) the metallurgy process does not work (this is possible only if those visited the mini-plant have been fooled and PRO is a professional liar). Otherwise I fail to see RGX has any real issue, and the probability that there is not enough resources or the metallurgy process does not work is ZERO. Other issues are minor. For example, the delay of 43-101, does it really critical? It will be critical only if the minerals in the ground will evaporate over time, delay of the scoping study critical? It will be critical only if the metallurgy process will work in certain time only, say it will work in Feb, but not in June. The fact is that the minerals will be there until they got mined, and the metallurgy process worked last month, now, and will work next month. So, all the attacks from shorts address minor issues only.
For example, shorts attacked the financing, and indicating $1B cost too high, and so on. Is that so? If you look some of the so called most promising gold projects, they also need more or less the same cost, but their mineral values are much lower. If their attacks on the construction cost for RGX are valid, then most of gold projects except few in the world should be cancelled, 98% of all mining projects should be stopped, 99% of all junior stocks should be withdrawn from TSX. Talking about delay, one company has announced production 3 years, and one year later announced it will start real production, and this year they announced they will contract out mining operation totally recently, so another delay after announcing production 3 years ago.