ALK 5.68% 41.5¢ alkane resources limited

Ann: Quarterly Activities Report, page-173

  1. 7,868 Posts.
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    in ALK's case there is a large short seller and now I am not sure why he is shorting. My thoughts were around distressed seller (I thought to be IG) had to dump and the short seller bet there won't be block buyer. Turns out not to be the case. The short selling continues while IG is not selling and he actually bought few to throw his support behind ALK - and well done for doing it.

    it could a fund as per Joel's speculation - so the fund is still selling while the shorter is piling up more to amplify the effect and is yet to start closing his position.
    or is this just pure short selling and there is no distressed seller at all?

    ALK is down 4% when it should follow the trend and be down about 1.5%.

    And it does not appear to be an issue with the production - reading between lines of what Nic said on the video it seems Tomie to be doing fine.

    Everything points out for ALK to be trading at 2x discount now and people should be buying but here we are someone is shorting like there is no tomorrow.

    Looks like FED will cut rates in Sep and gold will probably be above $2500usd. Surely by then sentiment will shift.
 
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