KCN 0.32% $1.55 kingsgate consolidated limited.

Short Squeeze on Sale of Neuva Esperanza or 1st Gold pour

  1. 829 Posts.
    lightbulb Created with Sketch. 2085
    ** Doncamilo deserves a Gold Bar from Chatree for uncovering this... wink.png

    The LoveGod will try and be as serious as possible:"This has Massive implications for a Short Squeeze on any positive developments "

    1:
    I suspect when the 14 million shares traded on the close to transfer Westoz Remaining stock to Van Eck gold fund last month there may have not been enough sellers to go to the buyers and one of the these banks had to short some shares to close the transaction: That means they are short at $1.405 eek.png

    2: They shorted 3.8 Million shares, so they have already lost -$950,000 & every morning KCN rises their boss's are going to be sweating bullets.

    3: A month ago Gold was $1690 going down and they would have been high five-ing each other in the office toilets, today its $1770 on it's way back up to All Time highs and they have just transformed from Mr Wizard to Mr Dopey. redface.png

    4: At some stage the must buy them back. At some stage if KCN keeps going where we all think it's going their loss is going to be so bad the compliance officers wherever they work will force them to buy them back to stop the bloodflow.

    5: 3.8 million shares is way to much to cover in KCN - which can most days trade only 250 -600k shares... For the past 2 years Westoz were always the ones taking profit above $2 & selling stock into the buyers , however they have gone... Nobody has that Volume to sell below $2.40 at least! Ross the Boss isn't selling and i'm sure all the other major holders are here for the long term.

    6: Taurus Funds the financier accepted $2 strike price options, they believe it's going north of $2... At $2 these shorts would have lost
    $2.2 million -- at this point they are lying to their employer that they have covid so they can stay in bed and hide. $$uckers

    7: It's all their for us to see if they start covering.... keep a close eye on this figure.... their is no escape for them!

    https://asic.gov.au/Reports/Daily/2022/07/RR20220725-001-SSDailyAggShortPos.pdf

    https://hotcopper.com.au/data/attachments/4549/4549580-8377f6c24657d7271cabd492f58062e7.jpg

    8: If Ross sells Neuva Esperanza soon & restarts the buyback with even a small amount of cash, then they can kiss themselves goodbye. It will be a frenzy! If Ross The Boss want some revenge, he can be aggresive with the buyback and suddenly you have 2 desperate buyers and nobody selling below $2.40

    9: I think we are due some good news after 5 years of War & the LoveGod loves this; " HOW DARE THESE MOTHER $$UCKERS SHORT SELL MY BABY! HOW DARE THEY!, LET's BEND THEM OVER AND GIVE THEM A GOOD OLD Prince of Pegging! "

 
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