RE: Gold Price Soaring High3 Apr 2024 12:37
I find the gold price interesting. I look prices up at least weekly. Because I have money in an unhedged producer. Similarly PM and Strategic Metals, though that one will not be producing for a few months, and then only initially at minimal capacity. Price affects the ability to raise cash if required. One must try to look ahead, long term as well as short unless trading is your thing. And all mining has its pit-holes.
Corporate action(s) here, which is what this is actually all about, may dictate a confirmation or resetting of holders’ relative positions, with long term obvious benefit arising from FCF and subsequent accretion. Nothing is nailed on.
Despite what Ortex may or may not say, I think, though it cannot be proved, ‘shorts’ at this stage are being confused with sells. There’s effectively no open short position to track, the one showing only at a tiny %. And it has already sold.
I think some look for boogiemen to blame when there’s none to be found.