Shorters in Cuu

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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Stroef

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Shorters in Cuu

posted on Nov 06, 2012 06:42AM

I just checked our Bloomberg system in Amsterdam at work and I saw a drastic reduction in the amount of shorters. There were about 138.000 shorters in mid-october and there are only 900! shorters at the moment (31 october 2012).

That tells me the bigger players won't dare to short this stock anymore and they are expecting the BFS shortly too. We might really be real close this time, so personally I am expecting the BFS this or next week.

The low volume tells me everybody is in waiting mode. Retailers have allready gone in that know the story, the big boys are waiting for the release.

JMHO

Stroef

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