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CAT Strategic Metals Corp C.CAT

Alternate Symbol(s):  CATTF

CAT Strategic Metals Corporation is a Canadian resource exploration and development company, which is focused on the acquisition and development of strategic global mineral projects, primarily lithium, copper, gold, silver and tellurium. The Company's projects include South Preston Uranium Project, Gold Projects, and New Brunswick Project. Its South Preston Uranium Project is comprised of approximately 29,395 hectares. The South Preston Uranium Property is located in the southwest area of Canada's Athabasca Basin, which is known to host some of the highest-grade uranium deposits. Its Gold Projects include Gold Jackpot and Rimrock. The Gold Jackpot is a highly mineralized region with multiple outcrops that assay high-grade silver, gold, and tellurium. The unpatented lode claims of the Gold Jackpot Property are located in Elko, Nevada, United States. The New Brunswick Property is comprised of approximately 1,200 hectares located in the county of Restigouche, New Brunswick, Canada.


CSE:CAT - Post by User

Bullboard Posts
Post by caffeeon Jun 15, 2006 12:24am
216 Views
Post# 10991588

your wasting your time on insiders

your wasting your time on insidersI'm not sure why some posters think this is insider selling, but if you actually believe insiders are selling, maybe you should sell your shares and be out of Staccato? Much of the actual transactions are excerise of options, which is a form of compensation for junior exploration companies. Because the actual salaries paid is small, and they do consider themselves executives, they vote for options, which is a free call They can vote these anytime and reward themselves and they do have to be excersiced at certain time and date to provide additional income. As that is their purpose. Whether it is correct to grant these and how many is another question, but is very common in mining or smaller companies. Those are things to bring up at annual meetings and as shareholder questions. Incidentally, 100,000 shares is pocket change and is inconsequential. The reasons for each director or executive excersising options is personal, but they are usually granted for that purpose...to sell. Not to keep (just in case you don't know that) Insider selling is what the insiders do with real shares that they actually bought. ie..Rob McEwen disposing of millions shares of Goldcorp for total of 75 million dollars in 2004. It is the Freidberg people disposing of millions of dollars of Seabridge Gold in 2005. That is insider selling. some people just can't stand prosperity sheesh
Bullboard Posts

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