Shorts5 Nov 2021 22:28
To approximate the position the shorters are in.
Started July, 39m @ 22p, proceeded to sell downuntil the PFS arrived. At that point they had returned 23m shares @ say 18p, so £900k profit before loan costs.
The appearance of the PFS caused trouble for them, borrowing more back to stay viable, back up to 23m borrowed. Since then a further 4m borrowed, but some returns, so probably about 24m shares still on loan, but at a mixture of values. So maybe an average of 18p a best?
24m shares less than 18p are required in my approximation.
Imho, this is going to be difficult, they are not the only ones interested.
Especially as Havieron had no borders yet.
Greatland Gold Fields £5+