Re: What happened? Goldtender GRIM
in response to
by
posted on
Oct 06, 2009 01:02PM
DISCHINO
Nothing has changed regarding the shorts who are now traped and have been traped ever since last April-May in this slow upward strong trend with very narrow trading range. I believe the short sellers are beginning to sweat their positions, for betting against Silverado. Shorts like allot of volatility with share price to make their money and they aren't finding that with Silverado stock.
Everyone was surprised by the news announcing the company has discovered higher grades of gold, 5.72 oz per ton and the gold vein is 1 foot wide at Pringle Bench and the fact that vein 'A' stretches over 3 miles long across Solomon Shear. I can't wait till the company does more drilling to find out how far that 1 foot wide gold vein extends $$ I wonder how thick that gold vein is $$
With Gold prices hitting all time new highs and If Garry can land financing, the naked short sellers along with the short sellers will be forced to join our party and buy mass amount of Silverado stock to cover their bad bet. Right now, it appears, everyone is sitting on the sidelines waiting for news.
In my book, Silverado is the best bet for a penny gold mining stock. All the other gold exploration companies are a big gamble, they are far from proving they have enough ore worth mining and therefore won't land any significant financing in this liquidity squeeze environment.
$$$ Ka-Ching Ka-Ching $$$