Re: What do you think thats all about?
I honestly don't know what to think. It is 1.26 million shares that he sold and only received $6,300. It would have been worth about $400,000 a little more than a year ago. Perhaps it was for tax loss reasons and he will buy them back after the 30 day waiting period. I just hate to see that many shares sold by an insider, but I don't know how many he owns. Perhaps this is just a small amount of his total. What a difference a year makes. I'm down 95% and could average down an awful lot at the current price without laying out too much cash but I just don't have much confidence right now for mining companies outside of Canada. Hopefully things will turn around for us and maybe I'll buy more on an upswing. Good luck.