RE: insiders new..........I remember looking at this stock when they were at the Cambridge Gold Conference in January and thought this stock looked really good at the time, but hoped it would come down to lower level to take a position. I think at the time it was around $7.50, after which it ran up to $10.00+. The last 2 months as equities have been smashed i began looking again first at $6, and then $5. I withdrew bids at $4.50, $4.00, and pulled my most recent bid at $3.75.
I like this company regardless of the news, and it almost seems like we are being given an incredible opportunity to enter or average down. If this thing could drop to $3.00 the market cap would be $450 million. Further share redemptions could be completed at ridiculously cheap levels, and perhaps allowing for an increase in the dividend at some point.
I guess it will just be a wait and see approach to see how much buying interest dries up to take a position. Realistically though, how much more of the market cap can people see being wiped out before a floor is put in. Is a $2 share price out of the question. That's the way I felt about $4 just 3 weeks ago.