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Bullboard - Stock Discussion Forum Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has an interest in approximately 184.5 sections (118,080 acres) in this field, which is located around the town of Rocky Mountain House, Alberta... see more

TSX:YGR - Post Discussion

Yangarra Resources Ltd > Insider buying
View:
Post by Spos01 on Mar 30, 2023 4:21pm

Insider buying

Why would insiders buy at the prospectus price of $2.54 and not at the lower market price? Is there some type of obligation?

As  side note, great to see so many insiders still buying.
Comment by Hendrick3 on Mar 30, 2023 4:30pm
I don't think they anticipated the stock being crushed after the flow through share issuance. They probably spent all available funds on the offering. I am sure they would have kept sone aside if they anticipated this collapse. 
Comment by pennydredful on Mar 30, 2023 4:57pm
Hey    troll  :   Insiders   bought   87875    at   2.54   and   144272   at   2.06   per share.  I  guess it depended   whether one  wanted   or needed  the   tax benefits  of the  D  flow thru  or   not. ...more  
Comment by Spos01 on Mar 30, 2023 9:12pm
Is the "Troll" comment directed at me? If so I own a substantial amount of YGR, certainly not a troll.
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