Victoria Gold Corp VITFF

VGCX' s huge short is reminiscent of Pretium.

[phoenix_trader]

PVG had huge stock price and short position swings as production expectations changed from q to q.

Big difference here is that VGCX's trading volume (CDN and US) is a fraction of Pretium when the shorting was active.

Short squeeze was a common topic on the PVG board.

Exploration news could light a bonfire under  VGCX price and consequently catch shorts without a way to cover.

[kegman]

NO ONE shorts a float this tight this much without inside info or a huge cross is arranged.  Period.  Mike drop.  VGCX has the right to buy back shares too.  Why are they not jumping in here then?  Something is fishy.

[Pete1986]

Indeed strange that they did not buy back a single share, even after 30%+ drop within a month.Something is going on behind closed doors.

[Pete1986]

So today share price is again down more than 3% with only 18k shares traded in Toronto. Its dropping like a stone on light volume and more than 50% of the recent volume was generated by short sellers. Never seen this before.

[phoenix_trader]

Looks like zero buyers until exploration results released.

[EdwardBlake]

Look around at every mining stock. Maybe the cartel is going to smash gold, or maybe they figured they could shake loose tax sellers.

[kegman]

Who would be selling for tax loss right now?  How much volume would that be?  Not enough to cover the shorts.  The shorts drove this down.  They know something or they are about to get crushed with great drill results.  Even with just Eagle for the next 15 years....this is a golden cow for cash flow.  The expected dividends are worth more than the present SP over that

[Greatdaysahead]

As per their presentation: about 1/3 of O/S is in retail's hands.   

[EdwardBlake]

It's being done by algorithmic trading. They target areas where a lot of stops are sitting. Short stocks below that level, trigger stops, cover short. Rinse,repeat. 

[OCB1234]

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[MVargas]

The key word in your scenario is "cover".  That would result in no net increase in shorts.  That is not what is happening here where the number of outstanding shorts jumped by 1.7 million to a total of 3.7 million. Eventually these borrowed shares have to be returned unless the stock price goes to zero.  So it would normally be comforting to know that at least a large

[EdwardBlake]

Keep in mind that the short inteest numbers are always over a week old when they get published. Yes we have seen shorting in advance of financing at a discount to market previously, but like you  I see no reason why a profitable company would need to issue more paper. It would be unforgiveable.

[OCB1234]

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[OCB1234]

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[kegman]

Just a straight 3-1 OBWON.  No financing.  If they were to offer shares in lieu of cash for another project having it a much higher price is much more advantagious for us all too.  Just today shows the volaitility of our stock price with a small amount traded.  This is not computer driven.  They do not dare do this to float at 62 Million shares.  It is a suicide wish.

[OCB1234]

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[powerman]

Well it would make sence to me to short the purchase of the warrents to lock in the price they paid for the 1.666 million share warrents. They can buyout the warrents to cover the shorts and make a tidy profit at these prices. DF 

[kegman]

Excuse my igmorance...would a director or insider not have to disclose a short sale?  

[OCB1234]

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