Nevada Copper Corp NEVDQ

stock price

[BilliB7]

25 million shorts just showed up. price will be tamped down for awhile

[Notgnu]

Please post a link to the short info... If that is so, it is great!.  25 million shorts is probably about 10% of the not tightly held shares, so that gives everyone an ability to increase positions while NCU is so underpriced. It does make sense because the brokerages that recieved warrants are able to hold the warrants as insurance and then play a few games by selling and shorting etc

[Zamasu]

25 million shorts can be seen in the 'shorts' button in this link: https://ceo.ca/NCU Clearly a big rise as of Feb 4 from the last two weeks, so this has to be related to the offering

[Notgnu]

Thanks ... you are right. Between mid January and now there is an increase of 18 million shorts. These are people betting against good news and or the rise in the copper price. I wonder what they will do an Monday since copper broke resistance on and went up 10 cents Thursday and Friday? 10 cents adds about 3 cents to the stock price based on the underground mine alone when measured by future

[MarkAble]

All those shorts is a concerning to say the least. Shorting a stock at 16 cents sounds pretty risky given the potential upside loss so these shorters must be feeling pretty confident the share price is going to fall before making that bet. Back to single digits again???

[bogfit]

"Shorting a stock at 16 cents sounds pretty risky ..." Sure does ... unless you have a "reason" to believe the stock will drop.  b.

[Notgnu]

Meh... those shorts will lose some but not a huge amount.  This message board is already starting to stink from their sweat though. :))) As you are aware (I am quite sure anyway) by first buying options in the form of warrants that give the right to repurchase the stock at $0.20 or $0.22, it is possible to short and use these as insurance. The sweating shorts were counting on copper

[Notgnu]

PS... They did not short at $0.16. A look at the chart suggests that they shorted in the $0.19 to $0.18 range and are thereby in the green for +$0.02 to $0.03 curently )on paper anyway) but that this could change on a dime when buying comes in, given how low the volume is ..:))))))) N.

[patchh]

I do not see a Short Interest posted on market watch..  if U are shorting off a trade sation - that short is margin and a day trade..  i hav not seen a short key on interactive brokers for "SHORT"  NCU where U sell to obtain the short - buy to close.. a ten month Call or Warrant is not an insurance policy for a short w no short interest.. a call warrant is a rag-top or

[Notgnu]

Symbol Issue Name Shares Net Change Date $NCU.TO NEVADA COPPER CORP. J 25,487,506 17,330,010 4 Feb 2021 $NCU.TO NEVADA COPPER CORP. J 8,157,496 1,328,294 20 Jan 2021 $NCU.TO NEVADA COPPER CORP. J 6,829,202 5,329,515 6 Jan 2021 $NCU.TO NEVADA COPPER CORP. J 1,499,687 -1,198,407 20 Dec 2020 $NCU.TO NEVADA COPPER CORP. J 2,698,094 691,544 3 Dec 2020 $NCU.TO NEVADA COPPER CORP. J 2,006,550

[patchh]

kinda lost here w this table..  is this a NCU Buy or a short ? if this is a short - who did they short too ?

[Notgnu]

Mid left hand side there is a tab for "short history" https://ceo.ca/ncu I don't have full level 2 but from what I can see there was more than enough volume a week or two ago to short into it. We now have built in buyers :)) N

[EdLeafs]

this is for sure concerning. i wonder if the shorties knows something that we do not.

[Notgnu]

They shorted when copper was dropping and fell back to the $3.50 area. Shorts are just speculating like the rest of us and it is reasonable to assume they hold warrants to use as cover in case the share price moves up faster than they can cover. N