RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bonterra Intersects 8.2 g/t Au over 8.2 m I owned shares, sold then about two months ago, 69% loss. Thank god I got out, could have been worse.
Your short comments again are so misleading. I high short count would be good for Bonterra, not bad. Ie., look at Osisko. At some point the shorts have to cover, that equals buying. High short count means your shares are artificially depressed. Low short count, means no short covering, or required buying coming.
Now why is BTR's short positioning getting smaller? It's all about share price. To short today, if BTR went to $0, you only make $0.28. If they somehow found a needle in the hay stack {find the next Windfall} on the 15 holes they plan on poking over 22,000 hectares on their wildcat drill campaign the share price hypothetically goes to a $1. You lose $0.72. Ie. No risk/reward to keep shorting.
The real thing to think about is that they actually can't pay for it as they are under $1 million, but need to do it because they need to still spend $6 million in flow through that they don't have, not to mention the $4 million in payables they are still carrying. How do they solve that problem?