75.000 more bought by InsiderIn addition to Lundin's 200.000, DML director Paul F.Little bought 50.000 at 0.91 yesterday and another 25.000 at 0.86 today (Source: SEDI).
Legally you have 10 days to register any insider transactions. The fact that these board members have been filing almost immediately clearly indicates that both of them are primarily sending out a message of confidence.
Am I saying that DML won't fall any further from here? Not at all. But why look purely negatively at very substantial insider buying as just another way to fool small investors, like somebody here suggested? Were it only for the signal, Lundin's and Little's message of confidence could have been had way cheaper, no? $250.000 combined is not chump change for anyone.
As for Blind Bat's comments regarding Lundin - please check your details. First off, the company on sale was not Lundin Petroleum but Lundin Mining. Second, the fact that this acquisition did not happen so far is purely a result of the internal going-on's among HBM's shareholdership. Third, LUN is up almost 150% from takeover drama low, all in a few short weeks. And climbing as we speak.