shorting big time, page-3

ASIC site has a daily register of shorted companies
giving the number & % of total stock.

You'll see many blue chips listed there as well as small/medium caps.

The fact that some positions are registered as shorts doesnt
neccessarily mean that the share is going to go down.
The shorter can often get it wrong and loose and besides the share usually bounces back.

At the moment KRM with other small/med caps is going down
& once market turns it will come back with a vengance.

Hundreds of companies have short positions registered with
ASIC daily and once one believes that the fundamentals of the company are good, then there are no worries.A few may panic & sell and that's what the shorter banks on.

If one considers that KRM will produce at least 45000 ozs
of gold in the next 12 months (I believe it will be higher because of the new SAG mill installation in the end of June)
at a cost sub $100/oz (silver factored-in)

Conservatively, thats $60 mil NPAT or about 20 cents/share (I havn't got my calculator with me) x by a forward multiple of say 10 & thats $2 share!

Shorters can only work on short term sentiment but a company like KRM who is likely to put another $14 mil in the till this Qtr while working up to full production will kick back after the June Qtr report and some of the instos want a bit of the action.

Once the SAG mill is commissioned there's likely to be
some favourable press and , if we're lucky, perhaps an to upgraded broker valuation.

Cheers for now

Moorookamick