All miners down today accept ANV, hmmm could it be that good news is coming soon?
I believe this pressure cooker is going to explode when record earnings are announced next week. Looking for a 25-30 percent pop. Can we say Christmas in November? Stick with us through next week bashers, so we can watch you squirm. IMO
If it jumps 25 percent in one day on great news, it will be interesting what it does the following day. So many miners to me have recently had well-deserved jumps from ridiculous lows, but then got kicked back down within the next few trading days. It's definitely a hard sector to figure out.
I know what the shorts are looking at. They're looking at the cash on hand compared to the required capital expenditures over the next 12 months. They are betting on the company running into liquidity concerns and having to do a dilutive equity raise. They will be wrong because the price of gold should cross $1400 and stabilize above that level by end of this year, which then allows ANV to announce the mill at Hycroft will be restarted. Shorts will have to run for cover.