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Bullboard - Stock Discussion Forum Trelawney Mining and Exploration Inc TWNNF

GREY:TWNNF - Post Discussion

Trelawney Mining and Exploration Inc > LOTS OF SHARES SHORT!!!
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Post by dogwag on Feb 26, 2012 9:18am

LOTS OF SHARES SHORT!!!

We should see the shorts covering in the next few days.Someone shorted the heck out of TRR the last few weeks but I think having 8.4 million ounces with  60 holes not included in this amount would be seen as a positive.The market will be more appreciative once more of  the resources are  in the M& I catagory later this year.with all the holes that are drilled currently(190) we should be in the 10 million ounce total for all the projects together.
Comment by Sharpie009 on Feb 26, 2012 10:26am
That is an inaccurate statement.  Fully diluted shares are 192 million.  Shares short are just over 1 million.  Although there was an increase in shares short of 900 thousand in Feb. that is peanuts. 
Comment by dogwag on Feb 26, 2012 10:42am
Sharpie,currently they have 177 million shares outstanding.Fully diluted are the option and warrent shares which are not  currently available for  trading .There was only a 100 or 200,000 shares short and have risen by 900,000  which is  a substantial increase in the last 2 weeks.This is the most shares short in the last year so I would not say that is peanuts.The ...more  
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