short postions graph

thought this was worth posting, its a very very low overall short position for NCM.

A Big drop of late which leave little support from covering.  Its almost as if Blackrock were short.

Interesting times, almost as interesting as NCM becoming a hedged Gold miner last week to fund the future expansion of Telfer which needs more CAPEX spent because of its low grades and profitability, this interest me as they claim to have lots of undrawn facilities but with such a large amount hedged, they don't seem (or the banks weren't too keen) or confident in the Gold price going forward, unlike times of old when they predicted recovering or higher prices.

Anyway thought it was worth posting as its not data you see often on this stock.

Hopefully we will find out what's happening with the closed Gosowong operation and updated production guidance sometime soon