Short Squeeze?, page-301

So the "squeeze" that this thread was forecasting has already happened!

The short position falling so much means the abnormal buying volumes (shorters buying back their borrowed stock) has already happened and will have supported the sp over the last few weeks and mopped up a lot of selling pressure.

Not a good sign for next major move in SP unless.... Unless the Quarterly we are about to see is chockers with FABULOUS BEAUTIFUL numbers!!

That is my hope. The more I read back into announcements the more convinced I am that this quarter needs to be a ripper and management have set this up.

And in any case, the production numbers will already be known by management and so the fact they have delayed the quarterly release means that legally they can not be disappointing or less than what we should be expecting. If they were they would have had to release them immediately earlier in the month.

Hopefully we see a production number well north of 100koz - maybe even a revision upwards to the (very conservative) annual guidance for full year. Would be great to see them aiming for 400koz. Will depend on expectations for how much the roaster shut will impact Q3 and Q4.

J9