Evening holders and potential investors.Some further analysis on...

Evening holders and potential investors.

Some further analysis on the short squeeze bbq taking place under the radar on a quiet little under-hyped gold producer on the asx.

Net shorts position reduced 28/7 - 857768 shares purchased on market between $1.99 and $2.25 (18.57% of volume for day - Net)

Just under 10 million outstanding at 28/7

29/7

CMM     CAPRICORN METALS LTD              FPO                  172,957         358,305,433         .04

30/7

CMM     CAPRICORN METALS LTD              FPO                  146,965         368,305,433         .04

2/8

CMM     CAPRICORN METALS LTD              FPO                   13,202         368,305,433         .00

Todays VWAP - $2.162

Over the coming days we will see whether the short side has been trying to beat down the VWAP in order to close off more of their losing trade.
My guess is that although the Gross positions reported above for last three trading days suggest that they haven't blinked, the trailing net position may show that they have been reducing their risk (buying back and returning more than they are hiring to sell).
Given the retrace was harsh on 29/7 I suspect they are trying to stealth this clawback.
They hit the panic button with the acquisition announcement and need to play nonchalant after that so as to not appear obvious.
I expect to see a flat or slight increase in trailing net short position for 29/7.
Will know around 3pm tomorrow.
Any number of smoke screen distractions in their favour atm ie Delta, Olympics, POG vs US CPI, APT Square inc etc etc etc
Ignore the noise. As I've posted previously I estimate their average at around $1.70 meaning they are burning right now.
Long longs and long shorts. Tide has turned and it is time for them to burn for a while.
The chart below gives a good indication of the short side average.

Steer clear of the jugs (both types) tonight Kim You've got a preso tomorrow at 9 and although it likely contains nothing we don't already know a sharp delivery will be respected by your loyalists and may bring some more quality investors aboard.
We're looking forward to it.

Respect to @yatchy for helping me to understand shorting in my early investing journey

Go CMM