If you open the "Year To Date" file in Excel, and delete all the other shares apart from Paladin, (for ease of viewing), it shows the positions for each day . They lag a week or so, but it's interesting to see that it's been about 9.5% or so. Apart from a brief dip when they announced the refinancing and mine sale, it's been quite constant. This implies that although the daily short sales are quit high, there must be a lot of covering as well. My feeling is it will stay this way until Paladin turns profitable, ou the spot price starts going up.
Be interstiignt o see what happens on Friday with the results and conference call.
http://www.asic.gov.au/asic/asic.nsf/byheadline/Short+position+reports+table?openDocument
If you open the "Year To Date" file in Excel, and delete all the...
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