Re: Keep the Overall Picture in Mind
in response to
by
posted on
Jan 19, 2008 03:13AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Ganalane.
Insider buying and selling is one indicator of the health of the company ..but insiders are like the rest of us in certain aspects..
We all want to make a profit..
We all require money to live on....
We all must buy and sell to take advantage of our personal taxation status..
Insiders have to be very carefull and can not be seen to be,or are legally alowed to sell or buy on information in their own company that has not been released to the public..
So with so much information being released to the public by KXL almost monthly ,there are very few windows of opportunity for KXL insiders to buy and sell their own company stock and stay with in legal boundrys.
I went to insiders and there has been no more buying and selling by insiders ,but I copied the insider buying and selling of another company that I hold as an example only..I own this company and have since day one so am familiar with the insiders and the drilling programs ,to give my interpretation of the insider selling and buying as they relate to dates and who's who..
Please bear with me and don't consider this a pump.
JNR Resourses is a U Explorer..Well financed and with a management team as good as KXL,not as wealthy,but as knowlegable and i consider the best in the Uranium business(As do most of the knowledgeable Uranium people)..
Here is their insider buy/sell info..
JNR Resources Inc. (JNN) | As of January 18th, 2008 | ||||||
Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
Jan 18/08 | Jan 11/08 | KUSMIRSKI, RICHARD | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 2,500 | $1.720 |
Jan 16/08 | Jan 14/08 | BILLARD, DAVID LOUIS | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 5,000 | $1.690 |
Jan 14/08 | Jan 10/08 | KUSMIRSKI, RICHARD | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 5,000 | $1.761 |
Jan 09/08 | Jan 07/08 | KUSMIRSKI, RICHARD | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 5,000 | $2.027 |
Jan 08/08 | Jan 04/08 | KUSMIRSKI, RICHARD | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 10,000 | $2.067 |
Nov 16/07 | Nov 08/07 | KUSMIRSKI, RICHARD | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 5,000 | $2.888 |
Nov 16/07 | Nov 07/07 | KUSMIRSKI, RICHARD | Direct Ownership | Common Shares | 10 - Disposition in the public market | -20,000 | $3.165 |
Nov 11/07 | Nov 05/07 | Beck, Leslie Scott | Direct Ownership | Common Shares | 10 - Disposition in the public market | -5,000 | $3.400 |
Nov 08/07 | Nov 05/07 | LASHTA, CATHY ILENE | Direct Ownership | Common Shares | 10 - Disposition in the public market | -1,000 | $3.490 |
Nov 08/07 | Nov 02/07 | LASHTA, CATHY ILENE | Direct Ownership | Common Shares | 10 - Disposition in the public market | -1,500 | $3.330 |
Visit us every day for on-line updates of the latest 10 Canadian insider trading reports for all stocks and income trusts listed on the Toronto Stock Exchange (TSX) and TSX Venture Exchange.
|
Buy today's INK Research Company Report on JNR Resources Inc. (JNN). Features:
|
IF you look at the selling of the insiders and the dates,I attribute the November selling to opportunistic taxation selling..
As you see by the January buying by insiders,I see this as indication of good things coming soon..
I base my assumption on public knowledge..
They have a very hot property at Way Lake...over 50% Uranium sample taken from there last year..
Drill program started in December at Way Lake..
The very unusual fact that JNR Resourses have purchaced two air portable drills and contracted a well knowwn drilling company for bodies to work the drills and are presently drilling at Way Lake..
It is very unusual for a Junior explorer to own it's own drill..let alone two..
This is all public knowledge...
But all of a sudden we have big insider buying in January...
While no drill results are known yet ,I take this as an indication that they have hit something very hot and will be tracking the insider buying on this company and this is how I use the insider buy/sell info..
One way that is..
I'm using this as an example only and don't want to be seen as pumping JNN ..
Do your own DD..
KXL will do well as we come back from this slump..It is a matter of time.
Goold luck all longs.