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Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Comment by STVPon Nov 13, 2011 1:34am
369 Views
Post# 19233069

RE: Shorts

RE: Shorts

that's quite shocking to see someone shorting at these prices.  They were most likely looking to capitalize on some year end tax loss selling. Those who have been bashing the stock the past couple days could also be the ones shorting. It will be interesting to see if some heavy buyers come in on Monday to see how high it goes due to a short squeeze.  There could be a short squeeze really soon given that a lot of tax loss selling would have near completion by now - this recent short increase looks like it's based off technicals and targeting tax loss sell season. However, given that the stock is now in oversold territory a recovery should be on the way very soon and it will be a spike due to a short squeeze.

 

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