This stock is really struggling to rally and it is very clear from volume shorts are not even borthered to cover despite rising gold prices. I have little doubt left compared to other miners ANV has some serious problem whether it is this quarter or next. They know more than what retail crowd knows. The funds are not buying this stock for whatever reason, most likely they know what shorts know. The previous rallies have given way to more shorting. The retail crowd has left this stock watching after 100 dollar rally in gold this is the worst miner of all. The failure to rally, lack of volume and now shorts seems to be least bothered are all RED FLAGS. I suspect a massive plunge after earnings and that is when shorts will cover
just GET OUT and invest in any other miner. You are taking one of the biggest risk here. The shorts definitely know what is going on and hence keep shorting all upticks. They are extremely confident and rising gold prices really has not helped this stock. It is shocking despite 90% drop no buyers, pretty scary indeed when you look how this stock is acting. You may wake one day to see your portfolio down by 40%
This reminds me of SVM, same thing happened and eventually stock tanked fro, 6 to 4 and now trades in 3's
same story happening here
SHORTS KNOW the TRUTH
Management is hiding the TRUTH
keep some bare money if you still want to gamble
Let me guess: you are not only short but seriously short, right?
You may want to get familiar with the analysis of Colin Twiggs, a highly respected authority. He covers everything and is neutral. His latest take on gold: "If it breaks through 1350, that will confirm an advance to 1600". And, as we have seen, 1350 has been breached. Good luck ...you are going to need it.