.50 Canadian bought deal would be niceAs of October 15 the short position is 18,218 and has been dropping for the last four weeks.
Should be a new report next week. With the news coming I am having a hard time understanding
who is selling. Could be accredited investors hedging or someone trying to lower the price so they can get back in. With a LSE listing and what we suspect is a new bought deal I wonder if the new
bought deal price is already cast. I am hoping that it will be at a premium to where we sit now. A premium of 20% would put this stock at around .50 Canadian which would seem like a reasonable start. To may this happen the stock would have to trade in a narrow range above .40. I am sure most money managers could make this a reality.
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