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Message: Interesting Development for Precious Metals: GOLD and Gold Miners
The market downturn for Precious Metals and Mining Companies in general may have seen a bottom now.
As always the Mining Companies will start the reversal, followed by the Juniors.
The world´s biggest Gold Miner, Barrick, has seen some substantial insider buying in the last week, which might indicate this reversal:
http://canadianinsider.com/node/7?menu_tickersearch=abx
Jamie Sokalsky, President & CEO, has bought shares worth $ 1.63 million in the open market.
William Birchall, Vice Chairman & Director, has bought shares worth $ 3.57 million in the open market.
That´s a total of $ 5.2 million of insider buying in the last week !
| As of 11:59pm ET August 5th, 2012 | |||||||
| Filing Date |
Transaction Date |
Insider Name | Ownership Type |
Securities | Nature of transaction | # or value acquired or disposed of | Price |
| Aug 3/12 | Aug 3/12 | Sokalsky, Jamie Calvin | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 50,000 | $32.59 |
| Aug 1/12 | Aug 1/12 | Birchall, Charles William David | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 50,000 | $31.63 |
| Aug 1/12 | Jul 31/12 | Birchall, Charles William David | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 25,000 | $33.41 |
| Aug 1/12 | Jul 30/12 | Al-Joundi, Ammar | Direct Ownership | Options Stock Option Plan (2004) | 50 - Grant of options | 100,000 | $33.61 USD |
| Aug 1/12 | Jul 30/12 | Sokalsky, Jamie Calvin | Direct Ownership | Options Stock Option Plan (2004) | 50 - Grant of options | 135,647 | $33.61 USD |
| Aug 1/12 | Jul 30/12 | Birchall, Charles William David | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 25,000 | $33.04 |
| Aug 1/12 | Jul 30/12 | Birchall, Charles William David | Indirect Ownership | Common Shares | 10 - Acquisition in the public market | 10,000 | $32.71 |
| Aug 1/12 | Jul 25/12 | Al-Joundi, Ammar | Direct Ownership | Options Stock Option Plan (2004) | 00 - Opening Balance-Initial SEDI Report | ||
| Jul 30/12 | Jul 25/12 | Al-Joundi, Ammar | Direct Ownership | Common Shares | 00 - Opening Balance-Initial SEDI Report | ||
| Jul 30/12 | Jul 25/12 | Calo, Guillermo Enrique | Direct Ownership | Rights Restricted Share Units (cash settled) | 00 - Opening Balance-Initial SEDI Report |
4 Recommendations
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