RE:RE:RE:RE:Expected a rally with higher volumeAt the end of July Resolute held 22,725,000 shares. My belief is they continued selling into August but we'll know for sure when the next Alternative report is published on Sedar. My guess is they hold about 20 millions shares right now.....
The insider selling is annoying.....but I'm not overly concerned about it. I know that Rolly Uloth was brought back in to run Wesdome in 2013 when Resolute restructured WDO management. Rolly has other business interests and he is about 70 years old. He is the CEO of a trucking business so that has got to take some time?
https://www.trucknews.com/products/rolly-uloth-named-person-of-the-year/
Here's quote from this old link....
"They started with one truck and two customers. Today the company owns 430 power units, 900 trailers and ten terminals throughout North America."
Maybe he's just done working, wants to retire, and is cashing out all of his business holdings. Would be interesting to know if he's doing this with his other businesses? His selling could be that he simply views it as a bonus because he has other more lucrative businesses? When does one retire and how much money is enough? I like Rolly and wish him the best...
As for Barry Smith the Wesdome website has him as a director but there is a note by his name that states "retired" He's probably past regular retirement age, too.... Further, he's also part of the same trucking firm that Rolly is with. Maybe they need to buy some new trucks!!! :)
At the end of the day the drill results are going to drive this stock. I've been in since the summer of 2013 and have seen many ups and downs but over time the stock is up a lot. I expect the stock to go much higher and I'm ready for some setbacks along the way. Drilling is tricky so they could miss with these next few holes and it could take longer to firm up the resource. If so, I'll accept it since I'm long. However, if the next holes hit big again this stock is going to go ballistic!