RE:RE:Good old Pretium and the manipulators Shorters will always be succesful in the long run if there are fundamentals that do not support todays stockprice. Even IF manipulation is taking place , shorters will be successful if there are things going on that the general market is unaware of , or do not recognise the signifance of.
As of today we have general weakness in POG, Covid concerns , generally low reserve proven tonnage and a mill grade which seems to fall every 6 months or so. Proven tonnage can easily be increased but at what cost??? Grade seems to be a much bigger problem. Historical hi grading perhaps???
Another mill expansion might be necesary but we know it takes over 12 months to get the necessary permits. 8 grams will be adequate in the short term , but rememberQ4 results will likely be negatively affected by the crusher shut down in early Oct.
Place your bets accordingly.