Tie was shorted from the first week of inclusion in the Top300.. (March 2023)
At the same time shorters were given a hail Mary as it was revealed in the Q report they were kicking this $8m down the road for another short term then TIE took a $25m facility ..
They were betting things were going south and 2.5% of TIE became short which they slowly kept building that position till July when we saw a huge increase of another 5% short. Tie has continued to pay down debts and has sharpened its pencils by producing a new mine plan and canceling out debt. IMO this conversion was part of the short action and was also the fear mongering "capital raising" some wanted to see. I also think this allocation will build confidence and get TIE back to where it belongs.
Between 9th Oct and 10thOct 10m shorts have already been struck.
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