RE:Insider BuyingBCdude wrote:
Top management already owns a ton of shares ... a much higher percentage than most junior resource companies. Always nice to see insider buying, but no buying doesn't necessarily mean anything.
This continued route of resource stocks is getting really old. Got my backside handed to me with FCV earlier this year, so I'm laying low for a while until I see what happens with China. Not selling, but not buying either.
BCdude, according to cnbc insider top holdings, insiders hold 47% of which Greenstone holds 40% (equivalent 55M shares). Twyerould, Morabito and Goodgame hold the next 6.3% (equivalent 8.7M shares). And the rest of management hold even less than I hold. I don't know how accurate those numbers are.
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I don't think 7% held by management be considered a "big" number.... Do you? Mind you, they do have lots of stock options though.... LOL.... an incentive for them to make MIN a success story.
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The majority is actually held by Greenstone. That is a consolation - a private company/fund is willing to put up money in MIN. Pretty soon, Greenstone is going to own MIN as someone on this board said already.
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Hence I said it would be good to see management do some insider buying in the open market.
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