A short sale increase of 134K is miniscule. Short positions are virtually unchanged from 10/15 to 11/15, and actually down from 9/30. Yet, how many people on this board were blaming shorts for bringing the share price down to $.68 from $.90 over the first half on the month? Can we agree now that it's investors losing faith, and not short manipulation, that causes these drops in PAL?
Bought only today at 0,4545 0,4540 0,4505 so far...Technically PAL seems trading at support and with RSI near 20, I am taking a chance and start to accumulate again...PAL should be releasing some financing new sooner or later that will either confirm the bottom or put us in a trouble.
Reserves and Resources
"The next comprehensive update to the Company’s mineral reserves and resources is planned
for release in January 2014 and will incorporate results from the 2013 drill program."
Exchange Rates USD/CAD - Annual Report 2012
"A 1% strengthening or weakening of the Canadian dollar against the US dollar, assuming that all other variables remained the same, would have resulted in a nominal decrease or increase, respectively, in the Company’s statement of loss and comprehensive loss for the year ended December 31, 2012."
Canadian dollar lost about 1% of value in last two weeks relative USD