Well there it is We couldn't figure out that big short 11 million shares plus, well I bet my bottom dollar it had to do with this sale by EQX (a company I don't trust whatsoever). EQX stated they won't sell anymore IAU, sure anyone who believes that needs their head examined. Always thought the one fly in the ointment was EQX holding all those shares and now the chickens have come home to roost. They sure must have been desperate to dump shares at $2.76 which probably when negotiations started with this syndicate would have been 25% below the current share price.
My question is, why didn't EQX just feed those shares into the market nice and slow instead of dumping at a huge discount ?? And who is this syndicate of underwriters ?
Such a badly orchestrated deal. Fuming.