Unigold Inc V.UGD

Alternate Symbol(s): UGDIF

Metals & Mining Gold

Unigold Inc. is a junior natural resource company. The Company is in the business of exploring its mineral concession properties in the Dominican Republic (DR). It is focused on exploring and developing its significant land position in the DR, within the highly prospective Cretaceous-age Tireo Formation. The Company’s Neita Concession encompasses 21,031 hectares (ha) of the Tireo Formation, a thick sequence of intermediate volcanic and volcanoclastic rocks produced by island arc volcanism that are highly prospective for Porphyry Cu and Cu-Au deposits; High to low sulphidation Au and Au-Ag epithermal deposits, and Volcanogenic Hosted Massive Sulphide (VHMS) Au-Ag-Cu-Pb-Zn deposits. Its Candelones Project is located south of the town of Restauracion in the northwestern Dajabon Province of the Dominican Republic. Its Candelones oxide gold deposit is within the 100% owned Neita Fase II exploration concession located in Dajabon province, in the northwest part of the Dominican Republic.

TSXV:UGD - Post by User

Unigold Inc

Bullboard Posts

Comment by mephistopheles93on Jun 09, 2012 5:07pm

199 Views

Post# 19996459

RE: RE: Short position for UGD up @May.31

Ok help me out here! Does this mean that there are more people selling short, or more people buying to cover short?

It means additional shares were sold short in May. It may be institutions/insiders locking in a price before warrants vest. Pinetree seems to be buying anything at 0.30 and under, so that should put a floor in on the shareprice. I don't see how one can make much money shorting with strong support at 0.30

Bullboard Posts

Visionstate set to leverage success in the U.S. market