Given the known event risk, i'd say its a early sign of reversal to risk-on.
I mean who on earth would want to be short when any day we could become 50% cash backed with a potential complete plan to development of a completely unaccounted world class asset?
I know three musketeers on this forum shorting, but apart from that.. I cant see any smart-investor thinking this is a good short...
GXY Price at posting:
$2.08 Sentiment: Buy Disclosure: Held