The Seeking Alpha article makes a powerful case for very significant value of Victoria Gold's claim at Eagle Gold.
We use Victoria's claim as a basis for putting a high value on Zonte. Here it is very interesting that part of the case for declaring value for Victoria is to cite Zonte's neighboring claim.
"Additionally, Zonte Metals Inc. (OTC:EREPF) acquired 100% of the McConnells Jest project in 2016, located in the Tintina Gold Belt in the Yukon territory adjacent to the east of Eagle Gold. This clearly bodes well for the project."
That after citing the silver of the Keno Hill project on the other side of Zonte.
If you read that article entirely, and then reflect on statements and evidence that McConnell's Jest is believed to be better yet, the comparative market caps cannot be ignored; Victoria Gold $250 million (before the big fund raising they anticipate), Zonte Minerals ~$13 million, ~ $16.5 million fully diluted !!
Our friend on the Stockhouse Zonte board, hardrockclaim, who we are pretty sure is the optioner, Bill Carson, is drawing attention to an article on seekingalpha about Victoria Gold which makes McConnells Jest look very good indeed.
I copy his message here:
"McConnells Jest" looking mighty neighborly
A great pump for the neighbor is making McJ's future look pretty rosy. Victoria Gold Is Poised To Build The Biggest Gold Mine Ever Built In Yukon
it does thanks,
i remember cbs did a reporting on naked shorting 5-6 yeras ago,seems the regulations are more severe now,so history can't repeat itself,
but it seems easier to manipulate penny stocks in the US than in canada,
I believe anyone can short a stock. You do need a short margin account set up and a certain amount of cash on hand as margin. Usually depends on the stock you are shorting.
Maybe TD no longer offers short margin accounts?? have never dealt there.
Market makers have a different set of rules and basically can short as they please. In many cases they cover within 3 days (the settlement period) so they never have to report shorts. in the U.S. FINRA reports the daily short trading on all stocks and it is very significant.
I don't know of any source of such information for Canada, too bad.
It is mainly penny stocks that see the abuse because they can be easily manipulated.
Many years ago, Market Makers mostly bought stock so they could sell in the market - (help make a market). Now they mostly short a stock and then buy it back, their behavior can be different with different stocks and markets.
Jitney is mostly used by large trading houses and brokerages to move stock. Often you will see it between exchanges, if stock is bought in the US, the broker will use jitney to buy in Canada and settle the trade on the US side. Same way a short position could be moved with Jitney between different brokers/houses.
1 year 8 months ago - 1 year 8 months ago#117641by ron
ron replied the topic: zonte metals
somebody was saying that jitney might have shorted the stock,i'm in canada with td,and we can't short it,the don't own it,
i don't think we can south of the border also,
someone has an answer for the shorting situation.
already posted this,but it doesnt say where the shorts come from.
Short Volume As Of