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Bullboard - Stock Discussion Forum I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.WT

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the... see more

TSX:IAU - Post Discussion

I-80 Gold Corp > Extrapolating data
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Post by NineLives on Mar 09, 2023 1:18pm

Extrapolating data

30 day weighted avg and almost a 60 day weighted avg as only going back to Jan 13th when an extrodinary 6 million shares traded that day with a close of $3.75. Marry all this in with the changes to short positions and see what the cat licks off.
Everyone and the tea lady was discussing those short positions, a small part of them can be explained but not about 13 million of them, well not by me or others who are looking at the trading patterns.

If there's a simple logical explanation please post. And don't say frontrunning an impending deal, the legalities of that haven't changed as far as I know.

Back to work, do like crunching numbers.
Obviously at the moment this post and research is nothing but a mathematical theoretical evaluation of past trading.

Comment by Ridgeback on Mar 10, 2023 8:37am
For a company IAU with so many great news releases and accolades from analysts it is interesting the short position has been so high prior to this deal approval. Someone got a bargain price? Perhaps I'm wrong and I don't buy into conspiracy theory? Was EQX that strapped for cash they had to take any offer at the low end. Short  IAU Symbol Report Date ...more  
Comment by NineLives on Mar 10, 2023 9:04am
When EQX sold 11 million shares of Solaris (another company they had a large stake in) they did it through block trades on the TSX. That was finalised Dec 2022. I see no reason they couldn't have done the same transactions with IAU. The daily volume would have certainly supported it plus EQX could probably have received about 50 cents more per share ! It's no wonder this deal at $2.76 was ...more  
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