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Bullboard - Stock Discussion Forum Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a Canada-based flake graphite producing company. The Company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles,... see more

TSXV:NGC - Post Discussion

Northern Graphite Corp > Short position
View:
Post by youknowwhat on Feb 06, 2024 9:32am

Short position

Only increased around 33k shares to around 85k on TSX. They covered roughly 233k and likely made 2 cents per share. 


I thought maybe they were having trouble getting out but no way. They are in control and there are enough NGC shareholders that are PO'd enough to sell to the shorts.

Comment by 1student on Feb 06, 2024 11:32am
They can short sell NGC all they like. Soon they'll all be contributing to the 100% spike in the share price. The NGC shorts will be chasing the share price when it gaps upward either before or just after March 3rd to 6th. The NGC.V  short sellers seem convinced they can derive (manipulate) a couple of cents of ROI from their efforts. It's likely our very own broker dealers placing ...more  
Comment by youknowwhat on Feb 06, 2024 1:36pm
Yup and they are on offer with 107k at 19. I do not short but if I did it would not be a 19 cent stock. 
Comment by Gorilladome47 on Feb 06, 2024 4:48pm
I thought maybe they were having trouble getting out but no way. They are in control and there are enough NGC shareholders that are PO'd enough to sell to the shorts." You can thank our team of corporate clowns for that.  This is what happens when shareholders lose faith in their management teams.  It's been too long, too much talk...too much wealth destruction.  ...more  
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