Mega Precious Metals Inc MPRXF

Looking good

[EReal]

Our SP is starting to show real strength here. The question is whether it will continue after the Pinetree / Sheldon buying lets up; that is, is the strength based on true value or is it just sheldon pumping us up again? I've seen them do this before. It seems like the roughly 40k shares bought per day by sheldon is enough to swing the supply / demand ratio of this stock into our favour. Clearly some people are getting excited about the potential of headway to be a hit.

As for the short-sellers, I don't see any big rush to cover just yet. I find it hard to believe that anyone would short a junior to the tune of 4 million unless it was a hedge or they have some reliable way to cover (options etc). I think it's probably the warrant holders hedging their bets by shorting us. If someone really shorted 4 million with no way to cover except the open market, well, they're in for some serious pain.

Remember, Pinetree will be quick to sell off a bunch of their holdings if headway does hit