RE: Insider Activity...... I think Cope has repeatedly said that they will not be selling the project for peanuts. Given we are close to $1, a buyout at >$4 now seems a world away. Personally the way the market is, the only thing that will get the share price up is an offer or rumours of a pending offer.
Can't see Orko accepting a low ball offer, they have the resources to finish a new PEA and then do some more drilling to add more easy ounces to the resource, this could take us into next year if no fair offers are received.
Given the price of silver now, a buyout towards year end may be best especially if we have more QE announced before then.
If I was a major I would want to fast track my DD and get an offer on the table before a rebound in silver makes any buyout more expensive. Personally I think the next estimate is the last bit of data before we get an offer. The majors don't need the PEA and waiting for a more realistic PEA only increases Orko's sp and the cost of a buyout.
Has anybody heard rumours as to who the interested companies are?