Some how, the instant a director of a public compa
Post# of 154
Posted On: 01/11/2016 12:55:46 PM
Some how, the instant a director of a public company sells stock, investors in that company see it as a big red flag that something must be wrong! Many completely dismiss the PURCHASES of stock that director made in the past. They also dismiss the possibility that, in the ‘case’ of EXSFF, that Chris Dupont was selling .08 Stock Purchase Options, $16,000 (@.08) of which ends up in the Company’s bank account on a 200,000 share trade at .10. Assuming a Brokerage commission of 3%, the net to Dupont works out to about $3,200. I know Chris well enough that I can safely say those residual funds will remain with the broker to support the market later!!
Secondly, the timing of the trade(s) did not hurt the forward momentum of the stock in the slightest bit. In my long experience with public companies, the market for the stock is where the company gets it’s financing. If volumes are sufficient to do so, Options and Warrants should be exercised to replenish the company’s treasury.
My argument with the ‘Canadian Insider’ reports is that they provide only 6 months history of insider buying and selling, and that they make no distinction whether the sale is options, warrants or free trading stock. So, it’s only natural for investors to express their concern, given the limitations of available information.
Now, for something really exciting. Glencore owns & operates the Kidd Creek mine, opened in 1966. The mine has produced something in the order of $60 Billion in base metals ore (copper, zinc, silver, etc.) ever since. If you look it up on the net, you’ll see the deposit goes straight down from the surface, and Glencore has mined it to 10,000 ft. Constantly searching for additional material, the worst kept secret in the mining business is they are drilling horizontally towards a NEW structure, which appears to straddle onto Explor’s property.
One of my oldest sources is telling me there’s a rumble that heavy equipment is being mobilized to move onto the property, directly adjacent to the Glencore mine, with the intention of drilling into this ‘new’ structure. I can only imagine the Glencore reaction, but suspect it may involve many, many millions of dollars.
So, I know most of us are ‘gold bugs’, but if what I’m hearing about this pans out, it could have a profound impact on Explor’s stock price!!
Secondly, the timing of the trade(s) did not hurt the forward momentum of the stock in the slightest bit. In my long experience with public companies, the market for the stock is where the company gets it’s financing. If volumes are sufficient to do so, Options and Warrants should be exercised to replenish the company’s treasury.
My argument with the ‘Canadian Insider’ reports is that they provide only 6 months history of insider buying and selling, and that they make no distinction whether the sale is options, warrants or free trading stock. So, it’s only natural for investors to express their concern, given the limitations of available information.
Now, for something really exciting. Glencore owns & operates the Kidd Creek mine, opened in 1966. The mine has produced something in the order of $60 Billion in base metals ore (copper, zinc, silver, etc.) ever since. If you look it up on the net, you’ll see the deposit goes straight down from the surface, and Glencore has mined it to 10,000 ft. Constantly searching for additional material, the worst kept secret in the mining business is they are drilling horizontally towards a NEW structure, which appears to straddle onto Explor’s property.
One of my oldest sources is telling me there’s a rumble that heavy equipment is being mobilized to move onto the property, directly adjacent to the Glencore mine, with the intention of drilling into this ‘new’ structure. I can only imagine the Glencore reaction, but suspect it may involve many, many millions of dollars.
So, I know most of us are ‘gold bugs’, but if what I’m hearing about this pans out, it could have a profound impact on Explor’s stock price!!
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