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Decade Resources Ltd V.DEC

Alternate Symbol(s):  DECXF

Decade Resources Ltd. is a Canadian based mineral exploration company seeking opportunities in the resource sector. The Company holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the Golden Triangle area of northern British Columbia. Its projects include Grassy, Premier East, Red Cliff, Lord Nelson, Del Norte and Terrace. The Terrace project includes Terrace Gold, Kleanza, Dardanelle, Treasure Mountain and Nobody Knows. The Company owns 100% of Goat property. The Copper River Valley properties are comprised of three main claim blocks; Terrace Gold-Darranelle-Treasure Mountain group of claims located in northern British Columbia. The property consists of 52 contiguous mineral claims. The Grassy property contains approximately 830.20 hectares in two separate claims which are owned 100% by the Company. The Red Cliff project consists of approximately eight mineral claims.


TSXV:DEC - Post by User

Bullboard Posts
Post by flard11on Nov 06, 2009 8:39am
295 Views
Post# 16459936

Insider buying!

Insider buying!
Falling in love with stories and it happens all the time in micro mining stocks. I have been a victim myself in the past (more recently MMR, there are people here that know about that one too) but eventually one has to look at both sides of a story and rationalize accordingly.
I am of the opinion that 110000 shares purchased by Andy since the last news is minimal compensation to him based on his total take from this play/project. He has to do that to show support to the stock and try to keep the die-hard faithfuls on-board (some of those frequent this BB). All of his personal trades are public knowledge and if he is selling then his stock would go south in a hurry. Insiders receive all kinds of compensation shares/options throughout.
I, for one, welcome all constructive opinions on this BB and that has to include different perspectives. The  opinions I find off-putting are those  that are excessive to the negative side in the form of bashing and conversely those that blow it up without any knowledge of what is going on over and above the information available. However, overall I find it interesting to peruse this site because opportunities do pop up from time to time. I also think that comments made here have very little bearing on the stock price but they do influence some nervous individuals on BB's that make panic trades they later regret.

We do have some informed people on this board that take the time to look more closely at this information by visiting all the appropriate sites (news info, sedar, company website) and give their opinions; that is helpful.

Listen, I am still with the stock (got out with profits on the run up from 0.27 to 0.85) but gave that back and some more since. I am fine with that because I was willing to pay a price to have a "look" (stronger results for #9). I got out immediately the morning of  but got back in since  to have a "look" at more of the results. Oops!

I must admit I am not too happy with how mngt have handled public announcements to date. They have spooked the market for sure. The mess between DEC/MTB insider dealings is ridiculous and damages credibility. These things have added considerably to the roller coaster ride.

We really do need a positive injection of results to get renewed interest. Hopefully this can happen before tax loss selling next month. I would think that a large portion of "public" traded shares are currently in hands of people in a paper loss scenario right now and it will be decision time soon.



Bullboard Posts