That seems like a fair assessment Koo....

Up to July 31st I think its reasonable to assume that short covering contributed significantly to the increasing PPS....on May 31st the short number peaked at 1,655,332 and has been declining with each subsequent update.  

Then it would appear the Rothschild & Co news gave the already climbing share price an even bigger boost over the next 3 days of trading.

What I'm curious to know, especially with the Warrants....is this:  Have the buyers for the past three days, have they been purchasing shares from shareholders (profit taking) or has there been increased  short  selling to meet increased demand.

I'd love to see another significant news event hit before the updated numbers though to the 15th of August come out though.

Happy long weekend to all us Canucks.