I'd like to see the shorts run out of steam too however the the institutional lending pool is still deep re the access to borrow SAR. for 1-2%Fee annualised SAR shs can still be rented in good size.
That said Insto. shorts in small mining companies can quickly become painful trades when/if the stock rallies so any +ve price perfomance would be monitored v closely.
The near term peak in SAR borrow activity was in mid to late June ( px 0.55 - 0.59cps ) the stock would need to tick back to these levels to really shake out the shorts imho.
lets hope the px appreciation continues!!
SAR Price at posting:
38.4¢ Sentiment: None Disclosure: Held