RE:Examining the increase in the Short position....Thank you Dan for those analyses .
Its sparkling clear from Venture trade station data that wolf pack wash trading by the shorts accounts for most of the Venture volumes of NFG.
ie there is no retail investor interest in buying NFG...a combination of the current market sentiment about explorers, opacity of understanding just what has been found, compounded by the ATM short sand box and the lack of definitive statements as to early mining and initial MRE.
We all know that gold producers are doing fine so the latter factor is the saviour of the share price.
Yet, management seems blissfully unaware of this critical depressor of the share price and almost zero liquidity .
Instead, they waste valuable funds buying yet more pasture to explore ..Kingsway.
So, it comes down to NFG executives either not knowing their market, total incompetence , being in same sand box as the shorts , and/ or enjoying their lifestyle management so much that the share price is not an important parameter in their management responsibilities .
So your estimates that shorts account for 80-90% of trading volumes is spot on.
Neither the POG, nor assay results, nor videos on U Tube, nor Seismics make the slightest bit of difference to our real trading volumes .
The current market mantra for gold stocks is produce or perish.
My own opinion is that CK is totally incompetent .
A CEO who is the CEO of two other gold stocks who are doing equally poorly speaks for itself.
Besides, being CEO of three gold companies shows his preference for executive compensation over
being a full time manager of NFG.
With a market cap of $900 million , NFG deserves much more than a part time laissez faire CEO and an incomptent one at that.
AIMHO