I find this excerpt in Hallgartens link #1 interesting as well. A short position taken up on June 9th, right around the time the first drilling commenced and trenching had started. One would tend to believe that a reputable firm would not short at a time when a "discovery hole" or many veins being revealed in trenching could have sent this stock to the moon. No, I don,t buy what Hallgarten has/is putting on paper here, this smells to me. They are betting against all odds, unless they knew something that the public didn,t.

I also see that Hallgarten deals with the off shore and perhaps manages hedge funds as well. There may also be a Barrick connection here...... Very interesting. All logic and rational pointed to this being huge, and still does, yet you see this firm and Seeking Alpha, publicly comwe out and say that they are shorting, at what seems incredible odds and perhaps against all odds. With a 4 ton bulk sample averaging 11 ounces gold per ton coming out of the A-4 vein, an amazing bonanza grade and an excellent comparison to some of the samples taken from the richest gold mines in the world, then a geophysics that corresponds to this mineralization, it would have been suicide to short this stock before any trench or drill results became public.

Our additions:

Golden Minerals is farther on in this note but St Elias Mines is a story we have been itching to short since

we first met them. To put it most politely the company has a very large market capitalisation and

virtually no resource. This stock gives us the feeling that a nasty surprise could send it to being virtually

worthless.