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Message: Notes from Thacker Pass Permitting Q & A Session – 24 June 2021

Thanks Cal for keeping us up to date on the short story. I for one really appreciate it because I can't seem to find a good (free) site that reports it like you present it.

I like the measure of 3.7 days to cover. I use this figure to help assess the liklihood and severity of any short squeeze that might happen, like if we get a positive trifecta at the end of July with a positive ruling by Judge Du, and positive intentions announced to grant the Land Reclamation and Water Pollution Control permits. 

I remember back to last fall when the days to cover was closer to 10, which helped fuel that incredible initial rally in the fall. I'm not sure we'd see the same impact with 3.7 days to cover, but then again the daily trading volume is much higher now, so maybe. It'll be fun to watch, in any event, when the shorts do unravel. 

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