RE: RE: CAN short interest - Jun. 1I'll agree that SOC continues to be an issue, but not nearly as major as it once was. As CAN quietly continues to expand their resource estimate as well as the dimension of the 'district' the SOC threat becomes less menacing. The real effect of the hanging SOC decision is that CAN will continue to churn in the $4-$4.50 range and those people who get tired of watching (and waiting) will sell their shares to try a new fancy flier and those who are willing to risk playing the churn will continue to short.
But CAN is far from a POS! Even you will have to agree (unless you have a great deal less investment knowledge than you claim) that even if the SOC decision goes against CAN the land in question is becoming a smaller portion of the overall resource and in the end CAN will still be a winner from its current SP.