Midway Gold Corp V.MDW

INSIDERS OWN 2 MILLION IN SHARES, Have they sold. Nope!

[perky38]

Midway Gold (MDW) is an intriguing idea based on the fact it is a new gold producer in Nevada, and has produced 2,300 ounces of gold so far. Its shares took a 50% haircut in early March when production was briefly delayed and the company announced they would have to come up with a $5 million shortfall. However, on Monday they announced a non-dilutive transaction furnishing them with $10.5 million, more than covering the needed funds. Short interest in Midway encouragingly fell 10% in March and should we see gold prices turn up, we think Midway shares will have a lot of upside torque. In addition, insiders have bought $2 million in shares in the past year, including Midway’s CEO who bought $100,000 worth- without making any sales.

It’s worth noting that mining stocks typically see their best performance during their production phase begins (see chart below). Midway looks like a savvy buy for patient gold stock investors, not only because it is generating cash flow but also because, as it has just proven, the company has access to financing and has a significant partner/shareholder in Barrick (which may well become an acquirer at some point) and other investors. Shares are likely to be volatile but a $0.34 US stop might be prudent if volatility makes you uneasy. It may simply be a miner some wish to accumulate over the next few months as we reach gold's seasonal low in June or July.

- See more at: https://www.canadianinsider.com/blog/are-quietly-climbing-microcaps-and-commodities-foretelling-return-risk-and-speculation#sthash.KkNciieN.dpuf

[realitycheck111]

The article quote is a month old. They aren't selling because they are upside down as well as being insiders.  That CEO is gone. 

[ThurstonHowell3]

Insiders bought 2 million worth of shares, bit confusing...if mdw's ceo only bought $100,000 worth that says he only purchased 5% hardly nothing. Its like he had to....to save face with anyone involed in mdw. With that said...unless there are compliance rules that insiders can not buy or sell when the stock is in this unorthodoxed freefall. If there are no guidelines put into place. I strongly

[ThurstonHowell3]

I bought because I thought the only proplem was that negitive report of lower grade & ore body. Now, the are having cash issues. Another negitive hanging over us. Why should anyome lend mdw a dime. Let them forclose...& someone can scoup up mdw for nothing. There is no way insiders bought at this low price. I'm sure they all knew the dept issue. Its now up to the one above. I will sit

[realitycheck111]

Are they spending Pan loan money on Gold Rock? If so, here is where some of Pans capital has gone. Gold Rock looks lame. The way they have approached strategy it's like they don't want to be a mining company and just want to be bought out. 4300 ounces is nothing especially if there are issues related to grade and recovery.