AR has almost 50 million shorts...will they get squeezed?If so many of these 50 million shorts were placed with or in the belief or anticipation that Argonaut would be needing a financing/dilution soon maybe will need to cover very quickly if a) AR does not do a new financing b) Gold skyrockets to new all time highs in the coming days/weeks...
Perhaps AR management did an end-around the shorts by selling the 1% royalty for that 28 million$ ... If this is actually the case, then these shorts maybe soiling their literal shorts in short order...Lol ( This may be the first time in human history that someone has used the word "short" three times in the same sentence....lol
Now I am not saying this "short squeeze" will necessarily happen, but I will be monitoring and following this story very closely in the coming days...
How low can the market cap go for this company? It's at close to 300 million $cdn now...