RE:RE:Short Interest 1,090,543Unfortunately, the Short number posted on CEO increased for the Venture.
1,579,000 in round numbers
For Mar 15 on MarketWatch, NFGC short figure is 420,000.
So total almost exactly 2 million, around the highest level I've seen over the past two years or so.
It looks to me that Lil Shorty had to sell more shares short in March to try to keep the price from rising as much as it could have.
Maybe you have a more up to date source, Dixie?
The rocket rise in gold would be scaring Lil Shorty...IF he's here for PROFIT.....
If the Short position is here to keep the share price tamped down, to benefit a Big Gold Buy In Investment, then Profit would NOT be the motive for the Short position, and they would be looking to continue trying to tamp down the share price, in my conjecture, because the goal would NOT be profit, but rather the goal would be to achieve the lowest BUY IN price for BIG GOLD. The shares they would get in a Buy In would cover the Short position.
I do think that IF the Short position started to and completed covering; the rallies in NFG would start to get stickier, and conditions would allow for a significant uptrend.
Right now, Lil Shorty is constantly using his manipulations to pressure down the share price whenever he can, such as after buying pressure from good news subsides.
Being short NFG for profit at thus level just doesn't make sense to me. Catalysts are happening this year.
Deep drilling, and optimism on deep drilling seems high as Ike Balinski reported in his review of Mellisa Render's presentation at PDAC.
If NFG issues plans to begin mining North Queensway in the months ahead, that will be huge. That would put a substantial dent in the need for dilution in selling shares to finance operations, once cash flow from mining kicked in. Then, maybe NFG could start taking on debt rather than selling shares, as cash flow from mining would allow lenders to loan any shortfalls in needed funding for the continued development of Queensway.
I'm optimistic. Things seem to be chugging along, as the little Choo Choo train of NFG keeps climbing the hill, accomplishment after accomplishment.
And now, with what appears to be happening - a fundamental revaluation of gold to new higher levels - the Western Nation's investment communities view of gold investments may well be undergoing a fundamental revaluation, too.
For the Chinese people, as a prime factor of demand for gold investment, gold seems about their only winning game they have. Their real estate market has been ludicrously over invested in, with prices sky high and ghost cities all over due to malinvestment, prompted by the government. And, now manufacturing being repatriated to the US and other destinations due to geopolitical risk of relying on Chinese sourcing of needed goods.
There is a lot going on in favor of the Big Picture for gold, and NFG is simply sitting in the Catbird Seat, as a quite likely major gold discovery in about the safest jurisdiction in the world.
This is why Time is on NFGs Side !
The best strategy for NFG is to stay independent, and develop Queensway over the next many years, and allowing all these fundamental changes in the revaluation of gold to occur WHILE NFG starts mining Queensway, and continues to prove up the gold reserves up and down the faults along QW.
Who knows how much gold will be found at QW over the years ahead?.....and who knows how high the gold price will reach?
The cash flow from QW is quite likely to amount to staggering amounts in the years....possibly decades ....ahead.