Post by
rickety1 on Jun 26, 2016 4:19pm
Short Interest Summaries
TSE: May 31/16 - 764,906, June 15/16 - 750,995, a decrease of 13,909. Nasdaq: May 31/16 - 10,298,513, June 15/16 - 12,139,223, an increase of 1,840,710. Therefore 12,890,218/51,015,872 = 25.26% short interest. Short interest people must know something that a lot of the guests on BNN are not aware of!! I would have thought the short interst would have decreased in this period of time, instead of increasing by a total of 1,826,801 shares. I don't know who to believe anymore!! This is a very high percentage of short interst. I hope a bottom has been put in. GLTA
Comment by
CxrBull on Jun 26, 2016 4:53pm
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Comment by
Roller007 on Jun 26, 2016 6:56pm
Cavinish: Cxr overpaid for amco, but it's a cash flow machine. The issue is the debt. The short thesis is that Cxr will not be sold and they are correct so far, since the buyout rumours the short positions more than doubled from 5 million to over 12 million.
Comment by
cavinsin on Jun 26, 2016 7:06pm
Thank you , Roller I understand all that, but all they need is around $ 600m per year to maintain corporate expenses and pay interest on debt, Correct?/
Comment by
Roller007 on Jun 26, 2016 7:27pm
Yes but the issue yet to be determined is whether any drug pricing or discontinuance or elimination ( ie donnatel) as well as the pound factor will effect the cash flow. Many unanswered questions that MT will soon need to address once these buyout talks are done. Let's hope for some resolution this week. I'm stressed out buddy. Lol
Comment by
Silverbull13 on Jun 26, 2016 8:32pm
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Comment by
Lattice on Jun 26, 2016 7:30pm
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