KCN 0.74% $1.35 kingsgate consolidated limited.

Short Squeeze on Sale of Neuva Esperanza or 1st Gold pour, page-6

  1. 223 Posts.
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    My hunch is that the short position could be much more than 3.8M - perhaps 8M?
    BA/ML(my guess) is only obliged to report its net short position to the ASX .
    Which it did on the triple witching date 17 June 2022
    On that date there was a large after hours XXT transaction of 8M.
    My guess is that a hedge fund operating under the BOA/ML umbrella assumed a 8M short position.
    That date coincided with gold's descent from $1872 to $1690
    BOA/ML dropped under the substantial holder threshold (11M) on 17 Feb and have been selling down.
    If so, the hedge fund has until 17 Sept to substantially cover their short position

 
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$1.35
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$1.37 $1.37 $1.34 $356.6K 264.0K

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5 14552 $1.34
 

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