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Bullboard - Stock Discussion Forum Cline Mining Corporation T.CMK

TSX:CMK - Post Discussion

Cline Mining Corporation > One simple question.
View:
Post by Kittyday on Sep 02, 2011 8:16am

One simple question.

All the insiders have sold their shares with a SP above $3.5X few months ago.
.
How come none of them have bought at these levels ( Between $1.57 & $2.00 ).
.
Usually when you sold with a big gain as they did, you don't hesitate to buy back at the 52 weeks low.
.
Does it ring a bell? or what I'm missing on that puzzle.

Date Insider: Shares Transaction Value
5/6/11 Hendrick, Dale Michael,
Director of Issuer
-175,000 Acquisition or disposition in the public market at $3.22 - $3.22 per share. ($563,500)
4/15/11 Hendrick, Dale Michael,
Director of Issuer
-83,600 Acquisition or disposition in the public market at $3.70 - $3.70 per share. ($309,320)
4/13/11 Hendrick, Dale Michael,
Director of Issuer
-66,400 Acquisition or disposition in the public market at $3.52 - $3.52 per share. ($233,728)
4/12/11 Hendrick, Dale Michael,
Director of Issuer
400,000 Exercise of options at $1.59 - $1.59 per share. $636,000
3/2/11 Hendrick, Dale Michael,
Director of Issuer
-270,000 Acquisition or disposition in the public market at $3.72 - $3.72 per share. ($1,004,265)
3/2/11 Hendrick, Dale Michael,
Director of Issuer
-270,000 Acquisition or disposition in the public market at $3.72 - $3.72 per share. ($1,004,265)
3/1/11 BATES, KENNETH HARRY,
Director of Issuer
-25,000 Acquisition or disposition in the public market at $3.66 - $3.66 per share. ($91,500)
3/1/11 Hendrick, Dale Michael,
Director of Issuer
-330,000 Acquisition or disposition in the public market at $3.75 - $3.75 per share. ($1,237,335)
3/1/11 BATES, KENNETH HARRY,
Director of Issuer
-31,800 Acquisition or disposition in the public market at $3.59 - $3.59 per share. ($114,162)
3/1/11 BATES, KENNETH HARRY,
Director of Issuer
-100,000 Acquisition or disposition in the public market at $3.60 - $3.60 per share. ($360,000)
3/1/11 BATES, KENNETH HARRY,
Director of Issuer
-43,200 Acquisition or disposition in the public market at $3.61 - $3.61 per share. ($155,952)
3/1/11 BATES, KENNETH HARRY,
Director of Issuer
-5,300 Acquisition or disposition in the public market at $3.63 - $3.63 per share. ($19,239)
3/1/11 BATES, KENNETH HARRY,
Director of Issuer
-8,000 Acquisition or disposition in the public market at $3.64 - $3.64 per share. ($29,120)
3/1/11 BATES, KENNETH HARRY,
Director of Issuer
-36,700 Acquisition or disposition in the public market at $3.65 - $3.65 per share. ($133,955)
3/1/11 BATES, KENNETH HARRY,
Director of Issuer
-50,000 Acquisition or disposition in the public market at $3.67 - $3.67 per share. ($183,500)
Comment by ritasun on Sep 02, 2011 9:04am
because Transaction Date and Filing Date is big diffferent https://canadianinsider.com/coReport/allTransactions.php?ticker=cmk.to
Comment by victor188 on Sep 02, 2011 9:50am
Hi,Kittyday Why your data didnot show Hendrick, Dale Michael bought back CMK 400,000 shares on same day,but showing on the website ? https://www.stockhouse.com/Bullboards/PostMessage.aspx?m=30145155&l=0&s=CMK&t=LIST&mr=30145155 Thanks
Comment by ark88 on Sep 02, 2011 10:02am
I can't remember the last time any of the insiders bought any shares in the open market. As I recall, they have bought in the past, many years ago, but often in relatively small amounts. It's through options that the insiders of this company reward themselves, which means only one thing, selling.
Comment by metnews on Sep 02, 2011 10:13am
To Victor188,It would appear that Dale Hendrick exercised 400 000 options on 4/12/2011,  then sold 150 000 shares over the next two days and another 175 000 a few weeks later.Is the data on this site up to date?  It appears to be one quarter behind on it's transactions.  Where is the data for June, July & August.
Comment by desperado76 on Sep 02, 2011 10:22am
Thank you for pointing this out. They are not buying because they are waiting for this to drop under $1.50. Nobody believes this will happen? How come they have put out 2 NR's in the last 30 days that are basically the same fluff?The first says they acheived commercial delivery, but gave no volumes. They just said they are on track. Then the NR the other day that says they made a deep hole ...more  
Comment by ark88 on Sep 02, 2011 10:38am
Hey Desperado,Why are you so angry. Buy or sell, your choice, simple. No point in discussing any of the points you raise. Do you why? because, you do not know what you're talking about.
Comment by victor188 on Sep 02, 2011 10:44am
Hehehe, so do they get data updated?, why not websit post here let us sharer? Thanks
Comment by desperado76 on Sep 02, 2011 4:09pm
Hey Desperado,Why are you so angry. Buy or sell, your choice, simple.No point in discussing any of the points you raise. Do you why?because, you do not know what you're talking about.Remember when this drops upon low volume shipment numbers and the future PP that ark88 said I dont know what I was talking about.  If any of my points arent worth talking about, let me bring up a relevant ...more  
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