GREY:DTEMF - Post by User
Comment by
CrashLandingon Apr 11, 2007 9:07pm
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Post# 12590311
RE: Insiders dumping
RE: Insiders dumpingThe only "insider" that is dumping enmasse is Pinetree. They are dumping PP shares now that they have made significant money. They always buy cheap PP shares and then create an exit point for themselves so that they can redeploy the capital to another momentum plays.
Raymond Savoie and Raymond Davies are not selling a significant number of shares. Savoie especially is probably selling to cover the tax liability from exercising his options.
You are ringing the alarm bells for nothing. If you have any doubts, Sprott purchased 10% of the company in December (see news releases). As of yesterday Tardiff of Sprott was still talking up the stock on BNN.com.
What you are seeing over the past couple of days is the shorts coming in to knock the stock back after it hit $2.70, which is only about $0.60 less than Strateco who has drilled and hit significant uranium on two occassions. So far DIT has hit nothing. Don't forget that DIT owns a net smelter royalty over Strateco's the property. This could have very significant value.