Victoria Gold Corp

Victoria’s transformation and growth has been significant over the past twelve months, including the completion of two major corporate transactions adding a total of 4.4 million ounces of gold that are National Instrument 43-101 (“NI 43-101”) compliant to the Company, and successfully completing the Phase 1 drill campaign at the Helen Zone located at the Cove project in Nevada, USA.
in response to Zooloo's message

565,500



from april 1 to may 1 the shares short was ramped up from nearly 0 to over 700,000. It has barely come down as we have consolidated lower. To me that is a pretty balsy play with gold breaking out to all time highs.

Looking back at the news from April, to try and figure out what event or news caused someone to short this stock. They reported another great intercept on April 14th. Short interest on April 16th was 269,600 which isn't abnormally high. Yet by the end of April the short position was 735,000. The only news between Mid April and May 1 was the flow through financing. Did someone short shares so they could buy into the flow through??? Wouldn't they have covered using the flow through shares they received?? Has the flow through closed yet???

Unless someone knows something about the backin or some other news, I just don't understand the continued short position. I am open to hearing other theories because I just don't get it.

jjissel

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jjissel
City
Saskatoon
Rank
Treasurer
Activity Points
251
Rating
Your Rating
Date Joined
12/03/2009
Social Links
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Victoria Gold Corp
Symbol
VIT
Exchange
TSX-V
Shares
496m
Industry
Metals & Minerals
Website
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