Hi Tau!

Insiders always know more about what is going on then the rest of us, and yes that does put limitations on when they are able to make personal trades. I have chatted with management and directors of these juniors many times and the most common complaint they utter is that they are hardly able to buy when they want to because there is always something in the pipeline that can be construed as insider info. If a company is active and dynamic, then thats the way it goes.

Some people fail to appreciate there are strategic reasons for managing news flow. For example, high grade results are often sent back to labs to be confirmed and retested before the announcement is made public. That makes sense if you think about it, because it is far more damaging to the integrity of a company if those results turn out to be false and much better to demonstrate that you are on top of the situation first. But there will be idiots and bashers who will seize upon that to stir up trouble and complain about news flow.

Then think about the fact that the company has been active to lock up more property area. Would it not make sense to do so when there is less attention directed at the region? To sit on news for a while and go grab more property is an excellent strategic decision yet again it would appear that little is going on.

And there are many smaller items of interest that are perhaps not worthy of a NR, but still significant and could be construed as an insider advantage. What if a new senior geo has just been hired that claims there is a high grade structure nearby and a drill has been mobilized to test it? Should that be released in an NR? Not if you want to have market credibility. But can you trade off that? Think about it...

In response to the silliness on SH:

In hindsight I regret my choice to disclose my personal trading choice here. It is the right thing to do and I am going to do what I have to protect my reputation. But it has also given one more reason for idiots to make sleazy suggestions about my personal motivation.

For clairty: I am not an advisor. I do not make recommendations. It was requested on this forum last year that I post my personal trades and I have done so. I share my opinions freely as any other investor is welcome to do. Other than that, make your own decisions people. I do not care a big rats ass what KXL does tomorrow or next week. If I am convinced that it will trade at least a 10-bagger from where it is today, and I am, then why would it matter to me if I must refrain from trading for a few weeks and perhaps I will pay a bit more to buy it when I can? I am entitled to an opinion as is anyone else and whether or not my personal price objectives come to pass remains to be seen. But I assure each and every person that reads this it is based on my own knowledge of the industry and appraisal of the potential for the company, and NOT any specific item that was revealed from the property tour.

I posted on this forum last year that I thought KXL was a legitimate threat at a 100-bagger when the stock was trading around 70 cents.

cheers!

mike