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Bullboard - Stock Discussion Forum Eagle Plains Resources Ltd V.EPL

Alternate Symbol(s):  EGPLF

Eagle Plains Resources Ltd. is a Canadian based mineral exploration company operating in Western Canada exploring for gold, critical-metals, uranium, lithium, rare earth elements and industrial minerals. Its business is engaged in acquiring grassroots critical-and precious-metal exploration properties. Its projects include Acacia Project, Iron Range Project, Kalum Project, Vulcan Project... see more

TSXV:EPL - Post Discussion

Eagle Plains Resources Ltd > Outstanding shorts are x3.5 increased as of 7/31
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Post by GoldInsect777 on Aug 10, 2023 11:47am

Outstanding shorts are x3.5 increased as of 7/31

From ~13,500 on 7/15 to 62,000 on 7/31. Hard to tell how much of those positions were opened before the announcement of the PP on 7/20 - 7/21, but the fact that anyone would want to take significant short positions on a company with such horrible liquidity makes me wonder if someone already knows some bad news. There is no possible way these shorts can be profitably covered without a major liquidity event to the downside.
Comment by dar76124 on Aug 10, 2023 12:48pm
I think they are assuming Vulcan drilling is going to be a bust this year.  Interestingly I just noticed there was a large amount of insider buying on July 26.  Insiders must still feel confident.  I hope they are correct.
Comment by GoldInsect777 on Aug 10, 2023 1:20pm
That was all insider participation in the FT PP. They get a tax break from that, and you therefore can't assign too much importance to it. 
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