Short sales report (consolidated) As I wrote in my last post on the short sales report, during the 2 weeks period covered by the latest short report, the shorters haves increased their activities to 19.5% of total volume. The consolidated short sales report now shows that they were not able to cover, and 383267 of these shorts were added to their long term shorts. This means they had to borrow shares and pay a borrowing fee for these shares. They want to keep the share price within their profit range in order to be able to cover their shorts.
Now, as if QRR was HPQ’s only catalyst that can apply upward pressure on the share price, they are active on social media trying to make you believe that HPQ is at least a year away before they can produce samples from QRR. In fact, here is what Bernard wrote in his latest press release;
Budgeted at CDN$ 2,830,000 and lasting up to twelve (12) months, this final phase of the program will allow HPQ to validate and quantify the following PUREVAPTM QRR disruptive advantages identified during the previously completed Gen1 and Gen2 PUREVAPTM QRR testing phases:
a) Produce silicon material of higher purity than any traditional processes in a single step
b) That it can do so without the need for extremely pure feedstock required by conventional processes
c) That it only requires 4.5 MT of raw material to make 1 MT of Silicon versus the 6 MT required by conventional processes
d) That it does possess a significant cash cost advantage versus the lowest cost traditional Silicon producer
As the test work advances, HPQ will commence:
1. Using the material for downstream testing and production of more HPQ high value add products
2. Providing samples to potential off-takers to allow product customization, and
3. Planning the deployment of commercial – scale production systems (PUREVAP™ QRR 4.0) capable of producing 2,500 tonnes per year of high purity silicon material.
Obviously, considering the low volume lately and the fact they are causing 20% of these sales with their shorts, they are grasping at straws. They are not fooling informed shareholders, who are not selling them their shares at a rebate and who are knowing that HPQ has several catalysts coming up;
- QRR - HPQ-QRR-TESTING-START-VER_CL4.pdf (hpqsilicon.com)
- QRR - HPQ_INRS_PATENT-DEC_29_2020_Ver_CL3.pdf (hpqsilicon.com)
- NSiR - HPQ-NANO-NSIR-UPDATE-2021-2022-JAN-12-2022-VER_CL9.pdf (hpqsilicon.com)
- Change off classification - HPQ-CBA-CONDITIONAL-APPROVAL-FINANCING-MAY-2-2022-VER_CL4.pdf (hpqsilicon.com)
- EBH2 - HPQ-EBH2-DEC-8-2021-VER_FINAL_2.pdf (hpqsilicon.com)
- Fumed silica - HPQ-PYR-FUMED-SILICA-DEAL-VERS_CL5.pdf (hpqsilicon.com)
| HPQ-Silicon Resources Inc. |
| | Short | % | Short | % | Short | % | Average | Consolidated |
| Date | Sale | Total | Traded | Total | Traded | Total | price | No of | Net |
| | Trades | Trades | Volume | Volume | Value | Value | of short | shares | Change |
| | | | | | | | | | |
| | | | | | | | | | |
| May 31 22 | | | | | | | | 1154365 | 383267 |
| May 31 22 | 556 | 19.564 | 676270 | 11.96 | 278,965 $ | 11.405 | 0.41 $ | | |
| May 15 22 | | | | | | | | 771098 | 7729 |
| May 15 22 | 79 | 3.469 | 258609 | 5.405 | 118,334 $ | 5.587 | 0.46 $ | | |
| Apr 30 22 | | | | | | | | 763369 | -111220 |
| Apr 30 22 | 24 | 1.683 | 53559 | 2.128 | 23,985 $ | 2.140 | 0.45 $ | | |
| Apr 15 22 | | | | | | | | 874589 | -386571 |
| Apr 15 22 | 98 | 2.679 | 298591 | 4.397 | 150,397 $ | 4.470 | 0.50 $ | | |
| Mar 31 22 | | | | | | | | 1261160 | 296103 |
| Mar 31 22 | 740 | 12.481 | 1786472 | 13.136 | 912,201 $ | 13.592 | 0.51 $ | | |
| Mar 15 22 | | | | | | | | 965057 | -89580 |
| Mar 15 22 | 69 | 1.833 | 156800 | 1.898 | 49,620 $ | 1.875 | 0.32 $ | | |
| Feb 28 22 | | | | | | | | 1054637 | -153518 |
| Feb 28 22 | 50 | 2.197 | 75700 | 1.687 | 27,130 $ | 1.659 | 0.36 $ | | |
| Feb 15 22 | | | | | | | | 1208155 | -11056 |
| Feb 15 22 | 26 | 1.065 | 53918 | 1.143 | 23,440 $ | 1.149 | 0.43 $ | | |
| Jan 31 22 | | | | | | | | 1219211 | -84604 |
| Jan 31 22 | 115 | 4.418 | 247849 | 5.862 | 117,867 $ | 6.158 | 0.48 $ | | |
| Jan 15 22 | | | | | | | | 1303815 | -23588 |
| Jan 15 22 | 109 | 4.286 | 319418 | 6.536 | 166,216 $ | 6.711 | 0.52 $ | | |