RE: RE: SFF has HUGE Insider Purchases - time to bI totally agree. Insiders, in perticular the CEO, have bought roughly 1.5 million shares on the open market. Others have suggested it has something to do with his compensation plan and all eye candy. Sorry, no sale on that idea. Anyone who has been around for a while knows one of the first things insiders do is set themselves up with is cheap options which guarantee's them a captive price point for a set period of time.
Ceasar has make some very sound moves of late with his latest hiring of proven local expertise.The exploratation manager in perticular has been credited with proving up millions of ounces in the same geographical area.These hires are proven locals that are very well connected with solid backgrounds.
With the return of two drills at Miraflores I expect the resource count to at least double to north of 3.5 million ounces with the bulk of the remaining land package untested. With gold expected to be in the range of 2k a ounce this fall, I have to commend Ceasar for being very smart and he stands to make a fortune .After the next drilling up date at Miraflores, I expect to see people scrambling to get in at under a dollar.
There shouldn't be any questions as to the heavy insider buying. Ceasar has done this before and knows exactly what he is doing. Smart money is made buying ahead of the curve, not after the fact.
All in my opinion of course and GLTA longs who will be very well rewarded for their patience.