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"Namibia Rare Earths Inc is engaged in the business of exploration and development of rare earth properties in Namibia. The company holds an interest in the Lofdal Rare Earths Project, which covers an area of more than 400 square kilometers located to the northwest of the town of Khorixas in the Kunene Region of north-western Namibia. It primarily explores for rare and precious metals and... see more

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TSXV:NRE - Post Discussion

NAMIBIA RARE EARTHS INC > disposition of shares

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Post by xraydrone on Feb 28, 2018 7:33pm

disposition of shares

am i missing something here? why would you dispose it at such a low price if the stock is taking an upward momentum? 0.004$ vs 0.21$. Someone enlighten me please.

https://www.newswire.ca/news-releases/gerald-mcconnell-announces-disposition-of-shares-of-namibia-rare-earths-inc-675451103.html

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Comment by baytrader1 on Feb 28, 2018 8:36pm

back in June 2017 Gerald Mcconnell acquired +24,000,000 at $0.0042 I suppose he transffered the same today for tax purposes. I also think there is a big news coming hence it does not look good if an insider is disposing of shares publicly... therefore it made sense to sell them at cost privately ,,, my guess to an entity which is probably controlled by a trust etc.... SEDI provides a lot of ...more

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Comment by Stockspawk on Feb 28, 2018 8:36pm

I too would like to know this. Is this normal? Never heard of this before

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Comment by theCurse on Feb 28, 2018 8:56pm

It means nothing to whatever is going on with NRE. Definitely some tax issue - family, donations, etc (i don't know!). If memory serves me correctly, he has gifted shares before - with Etruscan. I was more making a bad joke about it. Main reason i got involved again was his uncanny ability to build a stock up. Mind you, this has taken a f* of a lot longer than i could ...more

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