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Bullboard - Stock Discussion Forum Seafield Resources Ltd V.SFF

TSXV:SFF - Post Discussion

Seafield Resources Ltd > SFF has HUGE Insider Purchases - time to buy?
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Post by joannemuriel on Aug 19, 2011 3:57pm

SFF has HUGE Insider Purchases - time to buy?

I was just looking into selling my stock when I first decided to check the insider purchases. Something must be up because there are extensive purchases being made in 100K chunks...

As many people know, this stock is in the same area as the famous Ventana Gold, which got bought out, ruining a lot of dreams : }

I cut this off at July, but there were further extensive purchases previous to July, as well...

This is listed under the "Buy" column:

******************************************************************************************************************************
Date Insider: Shares Transaction Value
8/9/11 Lopez, Cesar,
Senior Officer of Issuer
500,000 Acquisition or disposition in the public market at
.21 -
.21 per share.
$105,000
7/29/11 Lopez, Cesar,
Senior Officer of Issuer
100,000 Acquisition or disposition in the public market at
.25 -
.25 per share.
$25,000
7/29/11 Lopez, Cesar,
Senior Officer of Issuer
300,000 Acquisition or disposition in the public market at
.26 -
.26 per share.
$78,000
7/29/11 Pichardo, Antonio Pichardo,
Director of Issuer
100,000 Acquisition or disposition in the public market at
.24 -
.24 per share.
$24,000
7/26/11 Pichardo, Antonio Pichardo,
Director of Issuer
100,000 Acquisition or disposition in the public market at
.24 -
.24 per share.
$24,000
7/25/11 Lopez, Cesar,
Senior Officer of Issuer
100,000 Acquisition or disposition in the public market at
.24 -
.24 per share.
$24,000
7/21/11 Pichardo, Antonio Pichardo,
Director of Issuer
20,000 Acquisition or disposition in the public market at
.28 -
.28 per share.
$5,600
Comment by TommyCash on Aug 21, 2011 12:38pm
Cesar must have seen some "visible gold" in some of the cores...why else would he be buying this horrible stock?
Comment by don118 on Aug 21, 2011 1:34pm
I think Cesar knows something we don't!
Comment by molybucks on Aug 21, 2011 6:29pm
I 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 ...more  
Comment by LuckyVP on Aug 22, 2011 12:41am
Molybucks, I agree with your post 100% Just to add to it, below are the insider transaction since May. It is encouraging and very astonishing- almost 2.5 milion shares bought! 8/9/11 Lopez, Cesar, Senior Officer of Issuer 500,000 Acquisition or disposition in the public market at .21 - .21 per ...more  
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