Post by
Markcalgary on Oct 23, 2020 12:08pm
Some old news and general thoughts on the market
The last few business days of September saw the CFO Hashim Ahmed lay out $260K + for shares, and the chairman Kennedy bought 10K shares for $73K ..... Ahmed has been with the company since 2014...... prior to the September buy he had a whopping 12,900 post consolidation shares...he now has 50,500. CFO's are notoriously stingy and conservative..... Kennedy's purchase was his first ...he was an independent director I think prior to becoming Acting chairman...he is a CPA as well...... love to see the number crunchers who watch over the money buy shares!
Thats the sort of old news.
Looks like Mr Fancy socks is going to get his vote of confidence..... in chatting with accountants and financial advisors, they all point to the expectation that capital gains treatment in Canada will go from 50% inclusion rate to 75% (the NDP want 100%) before year end...... and that stock options will be treated as regular income. We should all be prepared for those companies in the mining sector that have seen such a big lift on share prices ( all sectors actually) to see a bunch of option exercises and sales before year end.
Anyone notice that JAG can see up to 5% swings in price everyday....... very tempted to trade some shares thru the day......hmmmm
GLTA
MC
Comment by
Golder007 on Oct 26, 2020 10:55am
The only summary i see from this note is that you dont like CPAs a lot ... :)