GREY:ARGEF - Post by User
Comment by
canada7on May 08, 2011 7:25am
261 Views
Post# 18545826
RE: RE: RE: Shorts decrease again
RE: RE: RE: Shorts decrease againThanks I have not left except most people except those bashers are knowledgeable about RGX now, and RGX has not released any information that is difficult to interpret, there is no need for me to post. Every one's understanding is the same as mine But I did found the decreasing in shorts interesting as I heard only institutions can short RGX as indicated by another poster. We are very close for 43-101, while I do not know when. my guess is that it will come within 2 weeks. The institution that shorted RGX should cover their shorts ASAP. We do not know how the market will react when 43-101 is out. Did some one report that Pension kept on buying? Did that institution use Pension? I do not know. The release of 43-101 will not be light as once it is out, RGX will have "official" resources even though informally we know the resources are there with or without 43-101. Then, people can use the resource to estimate the share price. I expect 1% of resource value only, but that should be enough to put RGX from $3 to $5 per share depending no the total share count. When RGX is close to production, the market may give 7% to 10% of resource values. Every one can do the math to know the stock price if the market provides 7% of value. Also not every understand the gems in Michael's interview 2 months ago. The per ton value is grossly under estimated if you read the interview carefully. Otherwise Michael would not say that all funds in Canada will own RGX. He was NOT joking when he said it, and it is not funny if this is a joke.