Post by
CopperWave on Feb 01, 2021 9:51am
Shorter Sellers - Good news IMO
Hi all, as you can see from the following link, short interest in Excelsior Mining jumped to 432k on Dec 12 from above an average of 320-340K shares (which has been stagnant around this number for over 1 year!). That's basically a jumped 100k two weeks before Crux's article that posted roughly a couple weeks after the short interest jumped all of a sudden. Within 15 days from the article, the short interest then dropped back by 100k. This is purely speculation and my thoughts, but please do not take this as advice. In my opinion, based on this quick change of numbers around the time of the article, Crux had another motive (which management stated as well. https://fintel.io/ss/us/exmgf.
Comment by
CopperWave on Feb 01, 2021 9:57am
.... How do you do line breaks on this? Accidentally bolded my post lol
Comment by
CopperWave on Feb 08, 2021 10:57pm
Apologies, seems short interest spiked in mid December and closed out by the end of December, meaning it probably coincided with the company news about the prelim shelf base prospectus. The article was posted late January and therefore couldn't have been related. I've clearly mixed up the months, and retract my earlier posts regarding short interest.
Comment by
Castling1 on Feb 09, 2021 4:21pm
Absolutely agree, quit fussing over short term changes and let mgmt. do its thing.
Comment by
Coppergirl on Feb 09, 2021 11:36pm
Your short term does not apply to me and I bet the big sellers now Most of us have held for years I recently sold at $1.13 and so glad I did The big sellers will have trouble selling ,no question Money being made everywhere and this is a longer term play with lots of risk still This is just my opinion
Comment by
shahabstarship on Feb 10, 2021 11:14am
Here is high volume. Chance for any retail who wants out ;)
Comment by
Coppergirl on Feb 01, 2021 11:03am
Liquidity The big investors here are worried and if they ever start to sell there million plus shares look out
Comment by
ArizonaBilly on Feb 01, 2021 11:45am
If Greenstone, etc look to cash in, it will be from a negotiated buy out of the whole company. And I don't think they'd do it for less than $2.50 - $3.00 (USD) a share.
Comment by
CopperWave on Feb 01, 2021 12:16pm
Exactly as I mentioned before no company that owns 50% of the shares could sell on the market there isn't nearly enough liquidity. They HAVE to see it through. It's obviously retail traders jumping off right now.