I would hate to be in a short position right now. Whether it’s tomorrow or Friday, obviously something substantial is coming. The way it traded today looks to me like accumulation. For the last week; GMP, I.A and RBC have been aggressive net buyers. The bottom was ealier this week at $3.30, and it bounced back hard.
No little shorter is going to stop this momentum now, I’d be covering tomorrow if news isn’t out because it won’t last long.
Investors like Sprott and Irwin don’t take personal positions of this size without mitigating their risk and having their own team do the DD first.