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Reyna Silver Corp V.RSLV

Alternate Symbol(s):  RSNVF

Reyna Silver Corp. is a Canada-based junior exploration and development company. It is focused on exploring district-scale silver deposits in Mexico and the United States. Its project includes Gryphon, Medicine Springs, Batopilas, Guigui, and others. The Company with Golden Gryphon USA Inc. jointly earn up to a 70% interest in the Gryphon Property is located in Eureka and Elko counties, Nevada. The Medicine Springs Project is located in the Ruby Mountain Valley, southeast of Elko, Nevada, with an area of approximately 4,831 hectares. The Batopilas Property is located in southwest Chihuahua, Mexico, covering over 1,183 hectares of land and 94% of the historic Batopilas Native Silver District. The Guigui Property is located in Chihuahua, Mexico with an area of 4,750 hectares and covers a major portion of the Santa Eulalia Mining District. Its El Durazno Project is located in the State of Sonora with almost 27,000 ha. of land area. Reyna Gold Corp. is a subsidiary of the Company.


TSXV:RSLV - Post by User

Comment by DeepValue81on Jun 22, 2022 10:30pm
178 Views
Post# 34775979

RE:RE:Large amount of short share availability

RE:RE:Large amount of short share availabilitySo, it looks like about 7-12% of daily trades are short... meaning they are borrowing and selling to drive price down.  If investors see "asks" that are lower... they usually think price is going down due to issues with the company or investors trying to get out.  And the shorts are hoping they put a lower ask for their shares to get out of the stock.  This also triggers stop losses.  When the price goes to their target level, they buy back the shares they borrowed, because they are paying to borrow shares and need to cover eventually.  They are screwed if they borrow a bunch and they price goes sky high... they they have margin calls if they are highly leveraged.  When you short a stock you can borrow way more shares....and only have to put down a small percentage.  Very risky because the losses are limitless if the stock continues to go up.  Look at what happened with gamestop, amc, all heavely shorted and the shorts suffered billions in losses.  I remember VW and tesla also gaining off of the short position covering.  Right now Reyna Silver is not that high on the short position, possibly 100,000 shares but there is a 500,000 block out there available.  The range lateley has been up to 5x the current short position.  They usually borrow when stock is up a bit  and try to push it down. Hope they get caught on a big discovery.
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