Nice to see a bit of news. Looking at the trades on stockwatch without any use of special devices or level II quotes, if a news release like this makes 'anonymous' nervous enough to settle outstanding iou's vended into the market place as shares, then imagine how a real bit of news might affect the naked shorts.
A rough translation means that anywhere between 25% - 30% of the shares traded in volume days like this need to be settled due to naked shorting, and it runs back two years since the last peak.
The naked shorters have had a major advantage because GBN.V is a totally ignored stock. They would not have the ability to make the market on a more fairly traded market in the stock with more participation. They are the biggest 'shareholders' after the management.
I'm deeply disappointed in the management for not giving Bingo depth drilling a priority it deserves. We can count on it that the results will take forever, possibly until November to be published. Its no mean feat to come up with new discoveries on a plot of land where $50m. was expended by the biggest player in the gold sector, Placer Dome in the 1980's.
Good job, just the same.
F6