Gold Canyon Resources Inc V.GCU

Insider Activity

[CarefulEye]

In the last three weeks insiders have bought 215.000 shares in the open market at prices ranging from $1.99-$2.22.They've sold none. And we're sitting at $1.64?

Should we laugh or cry?

In either event, anyone buying at these levels will have the last laugh. Gold is inevitably assaulted on options expiry day (although the decline today is feeble), and the hedge funds take advantage of the negative sentiment by shorting the mining stocks hard. Same old. Same old.

Recent Insider transactions for GCU:

					As of 11:59pm ET March 21st, 2012
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Mar 14/12	Mar 13/12	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	40,000	$2.00
Mar 2/12	Mar 1/12	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	25,000	$2.22
Mar 1/12	Feb 29/12	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	25,000	$2.05
Feb 29/12	Feb 29/12	Pinette, Conrad Alfred	Direct Ownership	Common Shares	10 - Acquisition in the public market	4,800	$2.04
Feb 29/12	Feb 29/12	Pinette, Conrad Alfred	Direct Ownership	Common Shares	10 - Acquisition in the public market	3,800	$2.03
Feb 29/12	Feb 29/12	Pinette, Conrad Alfred	Direct Ownership	Common Shares	10 - Acquisition in the public market	13,300	$2.00
Feb 29/12	Feb 29/12	Pinette, Conrad Alfred	Direct Ownership	Common Shares	10 - Acquisition in the public market	3,100	$1.99
Feb 29/12	Feb 28/12	Pinette, Conrad Alfred	Direct Ownership	Common Shares	10 - Acquisition in the public market	20,000	$2.10
Feb 29/12	Feb 28/12	Pinette, Conrad Alfred	Direct Ownership	Common Shares	10 - Acquisition in the public market	5,000	$2.12
Feb 29/12	Feb 28/12	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	75,000	$2.08
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[Geospot]

Yep. They have better access to information than anyone and they obviously thought the market would never value the company at these absurdly low prices. Would that be a last big 10 mil. oz belly laugh. Here's to better markets.

[royalflush5]

1.60s were broken.  Nothing until 1.00.  We'll see if this stock can stabilize somewhere in between

[scoutaz2003]

.15 on only 46K shares.....you have to be kidding me.....I might sell my silver and buy shares of GCU....this is ridiculous....