GGPChat

Who will be the last short standing...?

Good on ya hydrogen. JPM? with Newcrest carrying the can perhaps?

Game fucking on...

Only 65m to go chaps...

Close the door as you leave boys...

This gets very interesting at 13/14p ....

IMO the shorts are trying to Tempt out sellers..

They will PUMP it up 12-14% then fade it back (in the hope of creating liquidity) ie sellers who will take profits and bail, on the way back up to get out.

Trouble is there is this mahoosive prize of 25% of 20moz. .

Get ready for significant volatility... Watch them squirm as they unwind....

The are presently at MAX net short position of all time... ie over 70m Plus.... right up to the 5% announcement...

Arguably fighting it to defend and maintain their position. Its a classic tale of bull v bear. You get a ringside seat.

No question, the fundamentals have now moved against them... And no $11m crash for the 5%.

So 72m to buy back... good luck with that..

YOUR move punk. Go on.... Make our day...

Hydrogen wrote: ↑Fri Jul 22, 2022 3:19 pm IMO the shorts are trying to Tempt out sellers..


No question, the fundamentals have now moved against them... And no $11m crash for the 5%.

So 72m to buy back... good luck with that..

...and with the likes of large Sprott and GDXJ buys their job is made doubly difficult. Game well and truly back on.

Do we know if there has been any reduction during the last couple of days of SP rise - thanks Saints 07

Problem now is the day traders are back in the picture as the daily volume has increased and that gives the shorters a way back in by buying at the end of the day when the day traders sell for the profit. As mentioned above we need a big boost to take out the day traders and shorters at one go. DM

Saints 07 wrote: ↑Sat Jul 23, 2022 6:55 am Do we know if there has been any reduction during the last couple of days of SP rise - thanks Saints 07

We find out next week, there is a 3-5 day lag normally

droverman wrote: ↑Sat Jul 23, 2022 7:53 am Problem now is the day traders are back in the picture as the daily volume has increased and that gives the shorters a way back in by buying at the end of the day when the day traders sell for the profit. As mentioned above we need a big boost to take out the day traders and shorters at one go. DM

Can't argue with that line of thinking. - although I agree that it only needs a bigger fish to turn up, and they will lose any advantage they thought they had.

Hi Droverman. I am convinced the big fish are looking and it will not be long until they bite. ATB Speedy