RE:RNC Minerals Shorts update October 4th 2019: -47%Pierre,
I would add the following:
- dropping from 17.6M to 8.3M (= 47%) is a
reduction of 9.3M (or -9.3/17.3 = -53.7%). This more than half drop from the previous high would be considered as a significant drop.
- Perhaps, the shorts are afraid of the good news coiming up soon for the September production? Best guess is next week an NR will come out with the 1750 oz from GTV 2.0 included to make the Sept production heading toward 10,000 oz. Fingers crossed. If this is true then the left over short of 8.3Ms would disappear in a flash.
GH11
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pierreg wrote: RNC Minerals Shorts update October 4th 2019: -47%
From 17,644,973 shares to 8,329,363 = -9,315,610 shares.