Northisle Copper and Gold Inc V.NCX

Short position escalates before a suitor bids or takes pp

[phoenix_trader]

Look at WRN, VGCX and NOT trade action and short position escalation prior to Rio, Coeur and now BHP's actions.

Now look at NCX, the short position has quadrupled in last six weeks and represented at least a third of trades. This follows the superb PEA on only two of many NCX's explored deposits. Likely the aggressive short action on a thinly traded stock is the reason for the recent decline.

Management take heed, investors take advantage of what is likely a major setting the stage for a takeover offer.

[jsladek]

That it's a a thinly traded stock is the likely reason for its decline.  Lots of companies have increases in their short position with out a PP or takeover happening.  I don't see this as an indicator of anything.  Your three examples are very different companies in very different situation. - NOT ran out of cash and is now in play. - WRN had cash but needs a partner