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NuLegacy Gold Corp V.NUG

Alternate Symbol(s):  NULGF

NuLegacy Gold Corporation is a Canada-based exploration company focused on exploring for high-grade Carlin-style gold deposits on its premier 108 sq. km (42 sq. mile) district scale Red Hill property. The Red Hill is on trend/adjacent to three of Nevada Gold Mines' Carlin-type gold mines; the Pipeline, Cortez, and GoldrushII. Its Red Hill Property is located in the Cortez Gold Trend of north-central Nevada, United States (US). The Red Hill Property encompasses a total of 1,363 unpatented lode mining claims covering approximately 108 square kilometers (km2), of which 881 mining claims totaling approximately 68 km2 are owned, subject to certain underlying royalties, 100% by NuLegacy Gold Corporation and 482 claims comprising approximately 40 km2 are 100% controlled by NuLegacy pursuant to the Idaho Lease. Its Rift Anticline drill target (approximately 10 km2 within the 108 sq. km Red Hill property) has favorable Carlin-type gold system geology located within Nevada's Cortez gold complex.


TSXV:NUG - Post by User

Bullboard Posts
Comment by BillSmith9on Apr 13, 2018 1:35pm
77 Views
Post# 27880647

RE:shot seller

RE:shot sellerIf your shares are in a margin account your broker can and will loan them to short sellers and charge margin interest for doing it.  Pretty sure it is in your standard margin account agreement.

I don't know any reason he has to cover today.  Do you?  If you are referring to the Short Interest Ratio (Days to Cover) of 0.8.  That ratio, although it appears a bit low, is the number of shares short divided by average trading volume.  It implies that average volume is 275,000 shares.  I suppose long term combined volume is that when you combine OTCQX with Toronto.  I rarely see them combined.  What they are saying is that it would consume 80% of one average days volume if they all wanted to cover by buying back.

I recall there are ways to prevent your shares from being loaned through some action you can take with your broker.

I am not short, I am a retired broker of 3 decades.  A little bit of shorting can be a good thing.  I don't have to buy, you don't have to buy, but sooner or later he/she has to buy shares.  That's a good thing.  

My potential loss is limited to either about U.S.  $.15 current value, or what I paid for the shares, depending on how you view it.  His/her potential loss?  Unlimited.  Theoretically this stock could go to $50.00 or more.

Welcome shorty.  Stay as long as you'd like.


Bullboard Posts