Largest Short Position Increases 2009.03.31 - 2009.04.15

Company
Security
Symbol
2009.04.15
2009.03.31
Net Change

OPTI Canada Inc
com
OPC
6,436,270
4,767,874
1,668,396

http://www.financialpost.com/markets...

ecce

Maybe KRY will do the same soon...

Gold Reserve notifies Venezuelan Government of investment dispute

    SPOKANE, WA, April 21 /CNW/ - Gold Reserve Inc. (TSX:GRZ - NYSE-Amex:GRZ)

announced today that it has notified the Bolivarian Republic of Venezuela of

the existence of a dispute between the Company and the Venezuelan Government

under both: (1) the Agreement between the Government of Canada and the

Government of the Republic of Venezuela for the Promotion and Protection of

Investments ("Canada - Venezuela Treaty") and (2) the Agreement between the

Government of Barbados and the Government of the Republic of Venezuela for the

Promotion and Protection of Investments ("Barbados-Venezuela Treaty").

    This dispute has arisen primarily as a result of the Venezuelan Ministry

of Environment's formal notification in May 2008 revoking the March 2007

permit or Authorization for the Affectation of Natural Resources for the

Construction of Infrastructure and Services Phase of the Brisas Project. The

Company has taken this action as a result of the Venezuelan Government's

failure to reinstate the March 2007 authorization and the lack of any

meaningful dialog to resolve the prolonged obstruction of our rights to the

Brisas Project.

    It is our intent to settle the dispute amicably. However, if the dispute

is not settled amicably, the Company may file for international arbitration at

anytime under the Barbados-Venezuela Treaty or after six months from the date

of notification under the Canada-Venezuela Treaty. In the event the Company is

compelled to file for international arbitration, we would make a claim for the

fair market value of our investment at the time of the revocation which we

believe was in excess of US$5 billion. In May 2008, the time of the

revocation, the price of gold and copper was $880 per ounce and $3.75 per

pound, respectively.

http://www.newswire.ca/en/releases/archive/April2009/21/c3916.html

VANCOUVER, BC--(Marketwire - March 2, 2009) - North American Gem Inc. (TSX-V: NAG) (the "Company") is pleased to announce the prospecting permit approval for its parcel of coal in the Lyon district of West Virginia referred to by the company as the Dalton Tract. The property is 134.17 acres and hosts three coal seams including the Little Clarksburg, the Elk Lick and the Harlem.

The prospect permit issued by the West Virginia Department of Environmental Protection (WVDEP), for the Dalton property, will allow for the drilling of above-coal strata from the uppermost elevations of surface mining disturbance to elevations just below the coal pavement. One complete drill hole with detailed sampling of all drilled overburden material is a requirement of the WVDEP for a surface mining permit. The test results from the overburden analysis will determine what precautions are necessary to mine the coal and not produce poor water quality after mining operations have been completed.

The prospect permit obtained for this property also included sufficient acreage to drill additional holes on the property. Depending on the results of the initial hole, additional drilling may be performed to more adequately estimate the coal reserve tonnages on the property.

The Company has contracted Triad Engineering Inc., established in 1975, which provides geotechnical and civil engineering, environmental services, land surveying, construction testing and monitoring, drilling and construction materials laboratory services to a wide range of clients. Triad will perform all drilling on the property and a site visit has been set for March 3rd, 2009 with a Company representative and drill work has been scheduled to commence during the week of March 9th, 2009.

All current work on the West Virginia properties is being supervised by Mike Green of Green Engineering, Inc., who is a registered professional engineer in Philippi, West Virginia, and will be operating as the Company's qualified person under National Instrument 43-101. Mr. Green has reviewed the technical content of this news release and confirms its accuracy. Mr. Green is independent of the Company

PLUS THIS:

Saskatchewan Property Update

On February 26, 2009 the Company announced that it had initiated the drill permitting process for a work program that will include up to 20 drill holes around the Tobin Lake region. The program will target locations with historic coal occurrences and areas with potential for coal intercepts, at depths amenable to open-pit mining. One such area the Company will be focusing on will be a land package approximately 20 kilometres south of the new coal discovery in the Split-Leaf area of the Border project by Goldsource Mines Ltd. which was announced in their March 2, 2009 release. These particular Coal Prospecting Permits represent the Company's closet land package to the Goldsource discovery.

http://www.marketwire.com/press-rele...

ecce

Chart looking good...

http://stockcharts.com/h-sc/ui?s=NAG...

VANCOUVER, BC--(Marketwire - February 26, 2009) - North American Gem Inc. (TSX-V: NAG) (the "Company") is pleased to announce that it has initiated the drill permitting process for a work program that will include up to 20 drill holes focused around the Tobin Lake region, located within east-central Saskatchewan. The Company has been granted 757 Coal Prospecting Permits covering an area of 1,436,500 acres (581,376 hectares) that have been approved by Saskatchewan Energy and Resources, near the recent coal discovery by Goldsource Mines Inc.

The Company will structure its drill program to allow some targets to be accessed in the spring/summer months, while others will be accessed during frozen-ground conditions next winter. The drill program will target locations with historic coal occurrences and areas with potential for coal intercepts, at depths amenable to open-pit mining. Nearby coal occurrences include:

--  the Wapawekka Lake coal occurrences currently being explored by Alix

    Resources Corp. and Geo Minerals;

--  the Adamas Minerals coal intercept to the southeast of the Narrow

    Hills Uplands;

--  the 18 meter coal showing currently being explored north of Tobin

    Lake;

--  the coal resources currently being investigated, north of Hudson Bay,

    Saskatchewan, by Goldsource Mines Inc.

    

The Company has developed a database of other, lesser-known, and yet to be verified coal occurrences previously identified by companies not exploring for coal, as well as coal showings noted by Provincial and Federal geological surveys.

North American Gem Inc. has engaged Dahrouge Geological Consulting Ltd. (Dahrouge) of Edmonton, Alberta, to initiate the permitting process on its behalf. Dahrouge has significant experience in exploring for, and developing deposits of thermal coal within the Western Canada Sedimentary Basin.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Jody Dahrouge, P.Geol., of Dahrouge Geological Consulting Ltd., a qualified person.

North American Gem Inc. (TSX-V: NAG) is a Junior Exploration Company based in Western Canada. The Company's primary goal is to explore for Coal in North America, currently the focus is in Saskatchewan and West Virginia. In addition to Coal exploration, the Company also has interests in Uranium, Copper, Gold, Molybdenum and other base metals in Canada. The Company has advanced the Louise Lake Copper-Gold-Molybdenum-Silver project, located in British Columbia and has produced a NI 43-101 compliant resource estimate (included in its NI 43-101 Technical Report dated July 14, 2006 and updated February 6, 2009, as filed on SEDAR). The Uranium projects include the Whiskey Gap and Western Basin in Alberta, the Mosquito Gulch property in the Northwest Territories and the Ranger Lake Uranium property in Ontario.

http://www.marketwire.com/press-rele...

ecce

Anybody knows why RBC keeps buying since yesterday.....

Keeps buying again today...

Thanks to all for the good info on this play

ecce