RE:RE:RE:Premier Gold in Newsletter
Thanks, RJ.
It's obvious that Centerra's lawsuit is a blatant stall tactic to delay Hardrock until they are in a better financial position.
Given their lawsuit has had a severely negative impact on Premier's future cash flows, shares and those who own them, I would hope the Canadian courts punish Centerra to the full extent of the law.
Also worth noting that as a result of this stall tactic by Centerra short sellers have been building a large short position in Premier: 2.5mn shares on 2/6/19, peaking at 15.5mn in 3/20/20, falling to 11.5mn on 4/6 and now moving up again to 12.6mn. Perhaps it would interest the courts to look into who is holding this short position to see if there's any connection to Centerra or others who may have info that is non-public in nature?
When the short seller(s) cover as a result of either being exposed or the courts ruling in Premier's favor and severely punishing Centerra, look for a substantial pop in PG's shareprice.
Centerra management's behavior is inexcusable and should be made an example of.