GOR has been smashed by the short sellers (selling to...

GOR has been smashed by the short sellers (selling to themselves) since it was $1.67 on 19/11.

There have been 32 million shares traded since then which is 3.6% of the issued shares and the price has gone down 14%.GOR is a $2 stock and there will be sp adjustments up when they produce more with better grades. If there is a new find then $4 is achievable.

Today's 3,533 trades for 6.2 million shares would seem to be maintaining an unrealistic price. This has happened in a supposedly robust and controlled market. This reminds me of the days when it was illegal for market participants to break their buy down into numerous transactions to manipulate the market.
There were 2 sizable trades for 1.2 million shares and 744,150 shares. 85% of the transactions were for less than 2,000 shares and 23% of the transactions were for less than 100 shares. Trades of 100 shares are not undertaken by retail shareholders but high velocity trading platforms.

I only hope GOR management starts to accelerate shareholder value. They seem to leave a gap in the market to let individuals play around with GOR shares. Better dividends and share buy backs help to get rid of these type of players.

Keep The Faith

Gold investors unite