Upcoming financials, contrary to what you state, IS an important short term factor. Naysayers will use this data to further pound KRY. I am totally comfortable with whatever losses are posted at this stage of KRY's financials. Others may not be.
With respect to the valuation of $17.50CDN, this reflects FULL valuation which you will not see for a little while. This is why the market is discounting the potential FUTURE value of the Company. I do not expect to see all short positions covered until a little past the release of a court ruling, when some profit taking will occur. There has been and will continue to be money to be made for both longs and shorts. Otherwise, short positions would have covered by now. There might be a rush to the exit doors, not by the shorts, but rather by the longs, allowing the shorts to cover later.
An increase in the value of KRY shares will allow KRY to leverage its position in Venezuela, but not overnight. Many people do not realize that KRY will reach its potential over several years, not several months!
Meanwhile there is an electoral campaign going on, to which many KRY holders are not paying much attention to. They should! |
