Related Posts
Canada Nickel independently confirms initial mineral resource estimate for Reid project
Ascot faces capital shortage as it delays Premier milling restart
February 6, 2025
Ascot faces capital shortage as it delays Premier milling restart
Fundraising by junior, intermediate miners hit lowest since 2019: S&P
Regulatory Permitting: Exploration to mine development
February 6, 2025
Comments
Venerability
The fact that one or more hedge fund short sellers would literally destroy Banro’s common in both the US – where it frankly does not trade at all! – and Canada, where it trades fairly heavily, less than a week after its new offer was comfortably oversubscribed shows why Bullying Shorts are detested by everybody else on the planet.
And why complete transparency and disclosure of all short positions is an absolute necessity in world markets right now.
I’d like whoever put on this MALICE short – because that’s what it amounts to – in Banro to come forward and own up to it. And to state whether it is a naked short or if shares were loaned from other entities’ accounts. If so, which entities?
Gold is likely to perform beautifully, not only as per usual towards the end of this year, but possibly throughout this summer, moving into an entirely new higher range.
What a pity and a shame if every shareholder in the sector is allowed to benefit from this except Banro shareholders, especially if the short in question is naked.
I would like some answers, amd others should be pressing for answers, too.