Yes, but you ignore (of course) the opening paragraph about why GORO is included in this very small list.
"All of the companies on the list expect earnings to soar more than 100% from fiscal 2011 to 2012. If the numbers are hit, than any of the picks could provide solid stock returns. The remaining list includes Allstate Corp (ALL), with a market cap around $16B, all the way to SMART Modular Tech (SMOD), with only $580M in market cap. All of them have relatively low forward PEs considering they expect earnings to expand by triple digits. The key is to determine which stocks have the potential to expand on these earnings beyond 2012. One-off situations such as ALL aren't as appealing."
The real issue with shorts is where are they going to find the stock to buy back?
Morningstar has updated ownership info as of 6/30 for mutual funds and institutions.. Looks like black rock has been a big buyer in last quarter and now looks to have added about 1 m net shares in 2nd quarter. They now show a total Of 3.3m shares. Also Tocqueville gold fund updated as of 6/30 and sold off net 329k shares leaving a total of 3.47 m shares. Other tocqueville funds not updated yet.
Also, looks like institutions own 55%, include Hochshcild, Mutuals own 23%, and insiders own 9.3%..That's about 87% of total shares... Based on morningstar website.
If these numbers are correct, which I doubt, there is only 6.8 million shares available on the market. With the 5 million shares being Shorted there was 11.8 million shares available until the shorts were done selling. Now, if they are done shorting, there is no stock available to pick up without getting from an Insider, institutions or fund. Good luck, lol.