RE:LIKE IT OR NOTBecause the shorts need to cover!
And longs need to sell in order to make any money. Valuation matters; that's why even the biggest short squeezes end. TRE is wildly overvalued now and will be even more so if it goes up. Besides, I'd be happy to lose money on my short position in TRE if gold goes up because I know I'll make a lot more with my gold mining longs.
The shorts know this (or they should) and so they are pressing on the production/financing issues to scare investors out.
Huh? It wasn't the shorts who announced to market that the company was "starting" construction of the mine without an economic study and without the funds necessary to complete it. The company is the one that is pressing now. Clearly there is no money to do any meaningful work on the mine. What do you tell shareholders next quarter or the quarter after that where there is no progress being made?
The man has a following, a ;level ot trust and the connections that will always give the stock a premium.
Lol. I guess these followers are too clueless to recognize that even after all this time, after the huge more in gold, there is still NO INCOME GERNERATING BUSINESS HERE.
All I have is a gut feeling that the company has worked much of this out in a way that will treat shareholders well.
Well, we can agree on one thing afterall. All you do have is a gut feeling. All the FACTS say otherwise. Good luck to you and your gut.