Post by
cre8value on Jun 12, 2014 12:06pm
5.8 million shares short.
With volume at 500,000/day that is over 10 days to cover. Long investors are looking for a stock re-rating as this goes into production or Barrick decides it wants the entire company while the price has been slammed down.
Comment by
EdgarL on Jun 12, 2014 3:04pm
I think the shorters better cover soon. It's all good news from here. With production starting later in the year, there should be serious cash-flow coming in. There will also be catalysts coming from Gold Rock and Spring Valley. Midway is in great shape even if price of gold stays low.