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

Alternate Symbol(s): IAUX | T.IAU.WT

Metals & Mining Gold

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

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I-80 Gold Corp > Short interest way up, bought more

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Post by NineLives on Mar 21, 2023 11:39am

Short interest way up, bought more

Short position increase, this time, is probably from Paycore shareholders protecting their gains in lieu of the share exchange. Technically this shouldn't effect IAU's share price as much especially if the company shows strong exploration results.

News on drilling to come and also Paycore exploration results. This is still one of the cheapest plays out there based on previous drill intercepts. The pull back in Gold futures is not surprising giving its lofty increase, currently Gold at $1,952. It will be interesting to see what the Feds do tomorrow, inflation is waning so they have no need to increase rates, especially after flooding the system with cash, again. Funny how the financial world never ever learns from previous errors.

My short term target in IAU is $3.45 Cdn, slightly longer term $5.25 to $5.50. Everything else will be based on results.

238

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Comment by Dormie18 on Mar 21, 2023 1:30pm

Please flesh out the idea that this is Paycore shareholders protecting their gain by shorting i-80. How do they benefit at receiving something that's priced lower when the exchange rate is fixed?

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Comment by metalhead666 on Mar 21, 2023 1:37pm

He just makes stuff up.

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Comment by NineLives on Mar 21, 2023 4:23pm

Speaking of 'making things up' Metalhead, why did you post 'Insiders are buying' when it had absoultley nothing to do with IAU which is what this board is all about. That was an extremley misleading post.

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Comment by metalhead666 on Mar 21, 2023 5:03pm

If you took my advice and bought Artemis you would have made money....seems that you could use all the help you can get and perhaps some here are grateful for my insight and tips

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Comment by NineLives on Mar 21, 2023 6:20pm

Lol, you're too funny.

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Comment by pokinfun on Mar 21, 2023 6:51pm

This post has been removed in accordance with Community Policy

Comment by metalhead666 on Mar 21, 2023 7:39pm

Yep...I'm just trading now....it moves too much too fast and too unpredictably so you have to be nimble

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Comment by NineLives on Mar 21, 2023 3:57pm

26% premium on the closing price of Feb 24th. Do the maths. If you want to lock in the exchange you short the underlying stock. Do you have a better explanation for the increase ?

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Comment by NineLives on Mar 21, 2023 4:09pm

And seeing as how Paycore are not voting on this deal until late April then we'll know by early May if my hypothesis is correct because at that time (once the deal is finalised) the shorts should cover with the shares they receive from IAU. In other words the shorts won't be buying back these shares in the open market. This happens all the time with takeovers/buyouts. Watch and wait.

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I-80 Gold Corp