New Found Gold Corp V.NFG

Short Note....

[DanWarren]

I'm guessing that the Short position is covering.

There are two possible reasons as to the purpose of tge Short position. But, I'm either case, the Short position appears coordinated by real players or a key player, given the obvious manipulations noted by many, specifically squashing rallies, as one example.....

1) The Short Position has been initiated and managed ongoing because the Short has actually believed NFG has been overvalued.

2) AS Nozzpack theorized, the Short position has been initiated by a Big Gold company, to keep the price of NFG capped, to control a future buyout price of NFG. Could Big Gold hire a professional short player(s) to manage such a short campaign?

There is a logic for #2, and it makes sense that some small investment firm(s) that make a specialty of Canadian Resource stocks might provide such services to BIG Gold to put a lid on buyout prices of target stocks.....the shareholders of Marathon weren't happy with the cheap takeover of their company ( and I'm not suggesting that anything untoward happened there, as I never followed that stock).

But, Why couldn't Marathon complete their mine? That is a good question.
 
I'm still leaning toward professional shorts of Canadian resource stocks to simply be shorting for their own gain.

Since I first started writing about the Short position manipulations, it has been revealed that this shorting of Canadian resource stocks is MUCH BIGGER than  I ever realized. The entire Naked Shorting phenomenon has been coming out in public...not by the financial industry, of course, but through the exposes revealed by the victims, the Canadian resource industry, and, of course their investors.

So, let's see if there is a further significant covering of the Short position. It seems to make sense that there should be. In the wake of the sell off due to the flow through financing, this would be the logical place to cover, as the short positiin may realize that there are too many possible positive catalysts on the horizon, including a breakout in gold.....and, the possible reversal of the stance of the FED, from fighting inflation with higher for longer rates, to, lowering rates to put the finger in the dike holding back the floodwaters  of various cataclysmic financial disasters, caused by the massive Debt BOMB and utter stupidity of the Leftist Ruling Class across the najor Western nations.

[nozzpack]

An excellent post . The Macro includes the FED which controls the Comex paper gold in order to keep up the facade that the USD and UST are still be best and safest investments . Part of that includes suppressing gold miners share price by short and distort . Cant have gold stocks consistently in the top 10 gainers can we ?

[MAKEITBACK]

They aren't shorting a company, they are shorting a country---Canada. Yes indeed,many great exploration companies are being set up for pennies on the dollar, and in the process they are killing exploration in Canada (the lifeblood of a commodity driven nation).