High River Gold Mines Ltd HRIVF

RE: Insider purchase of 5,200,000 shares

[Wabatch]

From what I see on SEDI the transaction date was Sept. 10, exactly one day before HRG's PR on the BOD changes. On that day 5,563,325 shares traded between 0.48 and 0.55, with the close at 0.50, so Mr. Sinclair appears to have got himself very good value indeed. He's put roughly $2,600,000 on the HRG poker table, in other words, and I do think he plans to leave the game with lots more than he came with. To me this is the clearest sign yet, along with Buchan's and the other insider purchases, that serious plans were floated and perhaps even agreed to before the Sept. 11 BOD announcement.

Comments, anyone? Could the Morgan Stanley accumulation be related? I think we'll see another PR before much longer.