Post by
shneps on Dec 06, 2020 8:30am
Shorts
Unfortunately, I won't be surprised if the shareprice gets slaughtered over the next two weeks. The shorts have increased to 200,000 shares. I do realize that it is a very small fraction of the overall amount of shares but the issue is the amount of buys on the bid side. Compared to the volume of shares traded and the bid I suspect the shorts will decimate this rally.
They will easily kill the price for their own benefit.
Unfortunate aspect of a thinly traded stock.
Honestly i am not sure as to why it ever occurred this high in the first place besides pure manipulation (due to the illiquidity and minimal amount of shares at ask) followed by FOMO.
Cheers
Comment by
ekim on Dec 15, 2020 11:51am
Apparently this whole rally has nothing to do with diamonds...but the company has serious traction on its iron ore deposit. Maybe the spat between china and australia makes other world deposits that much more lucrative. Put out a new presentation on Dec. 11th that had nothing but iron ore in it. spent too much time focusing on its diamond asset. EKIM
Comment by
ekim on Jan 19, 2021 11:24pm
Looks like rail upgrades are needed. A few proposed. Infrastructure needed. Probably not the same cost as Mary River Baffinland Rail construction costs. EKIM
Comment by
Mineralvein on Feb 23, 2021 10:13am
Weird volume for quite some time on this stock. A clear anomoly since October. Makes me thinks someone wants this badly. The behavior appears to show someone wanting a ton of this, while trying to back off until the sellers drop their asks. But the trend has been higher and higher buys since December. ?????