Gotta ask the question - First some background: I've been long on GWY for a LONG time. We all know they are literally sitting on a LOT of high grade gold, not to mention the other assets. We also know that the share price is manipulated very easily and quite often. We all know management does not understand or does not want to bring positive press to the company, although I remember an article written about them hiring a company or person specifically for marketing purposes close to a year ago. Finally, we all know that the stock price has actually dropped 95% of the time after a fantastic or positive press release - again obvious manipulation. My question is, what makes us (or why should I) believe that if/when the resource estimates come out, assuming they are fantastic, that the stock price will once again not be manipulated down? Let's be honest, it doesn't take a lot of money to move this stock in one direction or the other.
One ray of hope that I do see is that that current short position has not been this low sinc 2009. Currently, as of 6-30-2012, the short position is 20,044. (For comparison, the short position on 1/31/2012 was 349,074). The last time the shorts were so low was 8-19-2009 where they were at 0. In weeks, the stock went from $.45 to $1.5. Then on 12-31-2009, the short position went to 1,082,000, 30 days later the shorts were at 3,205,900 and the price went from $1.50 down to $.80. Maybe the shorts are telling us something - Hey, Maybe I just answered my own question!!
Still looking for some other answers though. Hang tight fellas.