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Bullboard - Stock Discussion Forum Power Metals Corp V.PWM

Alternate Symbol(s):  PWRMF

Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists... see more

TSXV:PWM - Post Discussion

Power Metals Corp > Remove the ability to short PWM
View:
Post by VeritasVern on Nov 12, 2024 12:54pm

Remove the ability to short PWM

By placing a sell order for your shares. It should be a sell "good till" Jan 31 for example and pick a price that is likely not going to be filled near term such as $6.00. I've done this and my shares are therefore not available to be short sold as they are currently locked by a sell order. This will reduce the shares available and help to support prices uwards. 
Comment by Ricky55 on Nov 16, 2024 10:12am
Unfortunately it is not a good idea to do that. unless you have an ownership certificate of all yours shares,any brokers can borrow your shares at anytime!If by exemple you have 500,000 shares at a selling price $6.00 till January 31;you are telling the brokers house to use your shares at 100 times a week if they want because they know that your selling price will never get there... in the ...more  
Comment by ronfab1 on Nov 16, 2024 7:12pm
Excellent advice the way you explained the logic .... seems to me.  And we are in a period of development going forward where "good" news and "very good" news can come regularly now and at any time.  Especially with the heavily hinted at great new drilling results we're waiting on .... and especially the also heavily hinted announcement at some point of a major ...more  
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