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Goldquest Mining Corp V.GQC

Alternate Symbol(s):  GDQMF

GoldQuest Mining Corp. is a Canadian mineral exploration company. The Company is focused on gold and copper in the Dominican Republic. The Company holds 19 exploration permits (granted or under application) and one exploitation permit (under application) concessions in the Dominican Republic. These concessions are grouped into various districts. San Juan District, includes Romero (exploitation permit under application), Jenigbre-II (Jenigbre), Valentin-II, Loma Los Comios (actual Loma Los Limones), Loma Cachimbo-II (Loma Viejo Pedro), Los Gajitos and Los Lechones (together actual Alto de Los Chivos), Descansadero (actual Gajo La Guama), Tocon de Pino-II, Las Tres Veredas (actual Palo de La rosa), Piedra Dura-II, Tachuela Fase-II, La Guinea, Toribio (actual Arroyo La Vaca) concessions (Tireo Property). Jarabacoa District includes Monte Verraco and La Rabona concessions. Its regional exploration includes Loma El Catey, Loma La Damajagua, Hoyo Prieto-II and Recodo concessions.


TSXV:GQC - Post by User

Bullboard Posts
Comment by contrainvestoron Jun 17, 2007 8:43am
291 Views
Post# 12954939

RE: insiders dumping

RE: insiders dumpingInteresting that after being silent for a week, Rocket has returned to create some doubt again, because a possible opportunity presented itself, unfortunately it is completely incorrect again. His statement was "Lots of paper dumped into the market here." Please look at my earlier post. With the exception of Nolan (who is not an insider of GQC, but rather an insider of Minmet, which is why he has to file), nobody has dumped paper on the market. The one sale was made privately which means that no investors purchased this stock. A private sale would usually be made with family or friends; would you sell stock to family or friends if you thought it was garbage? The other transactions relate to insiders converting options to shares, which they have not sold yet. Obviously, they will eventually sell, but even they see a better opportunity then here to sell. They probably converted the options when they saw the original reaction to the drill results, but then when they saw it drift lower because of the warrant exercising, I guess they have decided to wait for the market to normalize. I am not usually concerned about insiders selling with juniors, because the reality is that is how directors and officers are usually compensated with these companies, since they do not receiving any actual compensation. But I am impressed when you see companies like this that appear to care about market perception. I too would have been concerned if the insider had sold 225,000 shares on the open market during the run-up; but to sell them privately - solid move. Cheers.
Bullboard Posts