i recall there being a site visit this week. What happens if they announce something? Or what happens if they announce a record May operation like they did 1 month ago on may 13th? What happens if recoveries improve as expected?
You got to give credit to the shorters, Absolute balls of steel to be able to short a stock with so much event risk.
This thing could turn on a dime with any news any day and the sheer size of the short volume makes for a historic short-squeeze.
On the value front, cash + EBIT + assets already quantifiable using transaction multiples less than a year old.
Jeez Shorters got some real guts holding this thing..
Or maybe their brains are their balls and are clueless to their impending burn...
A classic case of confirmation bias . Perhaps for both long and short but there is more evidence on the buy side than the complete lack of such evidence on the sell side.
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