GREY:MPRXF - Post by User
Comment by
hrattleon Jan 09, 2012 3:20pm
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Post# 19383250
RE: .54
RE: .54 If I were short, 54 cents is where I would be forced to cover - but these short players are a mystery to most of us. They could have covered with options - I don't know what options are available on MGP nor the open positions - I don't trade options often.
Someone mentioned covering with warrants. I am not aware of any warrants being in the money - apart from a very few that were part of the Rolling Rock acquisition - so this wouldn't work (or at least would be a crazy lose money quick scheme). No-one is exercising any warrants until MGP hits 75 cents at least.
If MGP report on Headway with something more positive than just drilling deeper the shorts should be squeezed - they are already in trouble now. On the other hand as someone else posted if Headway is a bust then shorts will be happy. Huge gamble on their part but until they start covering all longs should be nervous.
Read a few posts here about some other Nunavet property - yeah right, that's why we are invested here. Gimme a break - for the foreseeable future this is about Headway.