I had a feeling there might be some big money flowing out the last few days. 8M sold by JCP around $2.00.
The short interest has been coming down and now stands at 45M (at 19/1) shares, down 9M since start of January.
Wouldn't surprise me to see this continue with funds selling and shorters covering some of their positions with the stock.
It's not really the situation you want to push it higher.
I exited the remainder of my position yesterday at $2.07. Will look for a re-entry at some point when there is a change in production trends and company direction. Simply are better opportunities around at the moment in the gold space for me. I expect some funds might be rotating from RRL into NST on the same premise.
Best of luck to all.
RRL Price at posting:
$2.00 Sentiment: Hold Disclosure: Not Held
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