NSNBJRE: RE: RE: RE: More Insider sellingI wouldn't pay much attention to that BP twit. I don't know why he won't just flock off back to the KGN board and continue posting to himself over there.
Let's try put a little perspective into play here. Pinetree owns somewhere between 10MM and 15MM shares. They have been a shareholder pretty much since AGG started trading. They have loaded up on
.05.
.10 and
.15 paper so have made a paper fortune on AGG and you're worried about them selling 177,000 shares. In relation to their total position it's miniscule. I've sold a helluva lot more on the way up then they have (but still hold a very large position). Intenwash was actually buying several hundred thousand shares on the open market as recently as a few months ago at lower prices but we seem to forget about that.
Pinetree and Sprott collectively own about 25% of AGG, have been in from the beginning and have hardly sold any shares relative to their respective positions. Management have actually increased their positions over the last 2 years. The
.15 warrants were all excercised and the shareholder loan some were having a whinge about has already been paid back. It all looks pretty positive from my perspective.
With regards to Nikiforuk, this is bigger than him now. He's the money guy and the promotion guy. The money's in the bank and they have the most operating capital they have ever had. The last financing was done by Bay Street heavyweights TD and GMP. I'm hearing and reading more buzz on AGG in the last 6 months then I've heard since they've listed. Just look at this bullboard. I can remember when you might get 20 - 30 reads on a post. Go back to your post Jan. 25th and there are 275 reads. I've heard through my sources we'll see a full court press on the promotion side this year starting to kick off in the next 6 - 8 weeks. They're hosting analyst's etc in Africa as we speak. I think Nikiforuk has got a handle on things.
What's going to drive this thing is on the ground. The guys driving that are Pierre Lalande and JJ Lefebvre. Look at Lalandes creds. and connections. I'm comfortable.
Patience folks. This story will really start evolving in the next 2 - 6 months.