Management team share ownership.There are 7 people on the management team according to the website. (If it is accurate...the phone tells you to contact aurelius).
According to Sedi... of those 7 members of management. They own a grand total of..... wait for it....
$132,349.44 worth of shares. That is all 7 of them together.
Here is a breakdown of the 7 members of management and how much equity they have in the company today according to SEDI.ca
Garrett MacDonald. 2,514,400 shares value $100 576 (about 2 months pay after 5 years with the company)
Germaine Coombs CFO 506,669 shares value $20 266.76 (about 1 months pay after 4 years with the company)
Perry Blanchard V.P Environment and sustainability. 11,000 shares. value $440
Lorna MacGillivray. Corporate Secretary. 276,667 shares. value $11,066.68
Jeremy Niemi Tech advisor exploration. zero shares
Larry Pilgrim Project manager Nfld. properties. zero shares
Eric Tremblay Technical advisor. zero shares.
To summarize.... Garrett MacDonald who is paid a fortune has $100 000 worth of shares.
The other 6 members of the management team (according to sedi.ca) own about $30 000 worth of shares between the 6 of them.
That certainly is no vote of confidence.
Mind you... they all have lots of options.
It's really disappointing when management doesn't even invest in the company, and they know a lot more than we do.