Hello Vincent;
Part of what drove the price up a few weeks back was in fact due to short covering, no doubt there were many who re-positioned at higher prices, fundamentally a smart move.
And yes I did mention that, I believe it was from another thread, no direct information that I have can confirm that, and I have noticed on Stockwatch this week that I saw Nesbitt on the buy side on a number of occasions.
The only point I was basically trying to make is we do not "HAVE" all of the figures to come close to coming up with a value, period. We do know however that this area is one of the richest ones in the world for mineral resources, when we know exactly what they will have, is when we can sit down and begin to give a proper calculation.
Many here have been trying and have not even had near the numbers that are actually there, so why waste the time.
And yes that is "assuming" a win.......but then again I"m not assuming??
With regards,Frank
P.S.I pet my dog everyday, thanks for showing concern for him.
P.P.S.I would not doubt that there are others who have taken short positions, last count I heard was, just over 3,000,000 declared and a possible up to 6,000,000 undeclared, this should be interesting? |
