Here are the after-close block trades of AUMN :
| 16:00:16 |
Z |
13.94 |
0.16 |
466,393 |
| 16:01:03 |
Z |
13.94 |
0.16 |
8,173 |
| 16:01:05 |
Z |
13.9385 |
0.1585 |
12,708 |
| 16:04:36 |
Z |
13.91 |
0.13 |
299,010 |
| |
| 16:08:31 |
Z |
13.94 |
0.16 |
35,609 |
| 16:08:04 |
Z |
13.91 |
0.13 |
19,621 |
| 16:06:28 |
Z |
13.94 |
0.16 |
48,074 |
| 16:06:27 |
Z |
13.94 |
0.16 |
1,780 |
| 16:05:08 |
Z |
13.92 |
0.14 |
80,938 |
| 16:11:41 |
Z |
13.94 |
0.16 |
16,024 |
These blocks of 988,330 plus many smaller trades amount to nearly 1,000,000 shares of AUMN traded/crossed. Altogether, AUMN traded a stunning 1.497 million shares today.
I always suspected that the naked short position of ECU was anywhere from 20-25 million shares. 20 million ECU X $.70 = $14.0 million. The recent "official" short position was 5.7 million shares. 5.7 million ECU X .72 = $4.1 million
1 Million AUMN X $13.94 = $13,9 million.
Preliminarily, it appears as though the ECU naked shorts acquired a sufficient amount of AUMN to offset the short ECU position. These numbers are all within the ballpark.
Now, the important question remains, "Who sold the AUMN stock? And, how did that many shares trade without the price escalating throug the roof?"
Were new shorts established in AUMN to bail out the terminating shorts in ECU?
These are all fun questions that AUMN's management team will want to address at the upcoming conferences in NY, Beaver Creek, and Denver, Co.
Silverbull50
