URE Today's Lead Ink Insider FeatureFrom Ink Insider report on this mornings TD site.
You can read for yourself...but basically Ink lads are indicating URE has had a outstanding run of late...and as such... some insiders have been taking some profits....as is to be expected...however they note insiders have also recently excerised way more options at a price of $1.25....than they've sold...which INK insider lads interrupt as a bullish indicator on URE....and which has also resulted in net insider ownership at URE increasing!
So ....no surprise....looks like URE and rest of the uranium plays that have enjoyed a great run of recent....is experiencing a bit of profit taking from insiders....just as insiders at many of the gold plays or other companies such as Pacific Rubiales etc...have been doing for some time. No complaints from me on this....as these URE boy's have been waiting patiently for a long while now....and deserve and need to reap some rewards for their efforts and success to date.
I however have much longer term outlook on where URE and uranium in general is going....so i have no plans to sell any on my uranium plays anytime soon....as i'm finding it really hard to 'time' the mkts. Everytime i try and 'outsmart' the mkts...i seem to just end selling to early and missing out on the next leg up. Have found the plays i've done best on are the ones i have simply left alone.
Anyway...here's the Ink Insider post.
"Overview: Sentiment and Stocks
The waterfall of negative headlines overnight covering Irish debt, tensions among G-20 leaders, and plummeting Chinese
equities may pour some cold water on recent bullish stock market sentiment. However, for investors who believe that none of
these stories represent a watershed reversal for the global economy, any sell-off may provide better entry points for those
wanting to commit new cash to the market.
The share price of uranium miner Ur-Energy (URE) is clearly no longer offering the rock-bottom buying opportunity seen in
the spring and summer. Nevertheless we continue to see positive signals coming from insider activity at the firm. In
somewhat of an ironic twist, we highlight underlying upbeat sentiment even as insiders are taking money off the table."
URE featured on Ink Insider buying discussion in this mornings TD site
"Since we wrote about insider buying at Ur-Energy (URE) on April 30th, the stock has advanced 78%. So perhaps it is not
surprising that insiders have been doing some selling as the stock hit new 52-week highs over the past few weeks. As it turns
out, over the last 30 days insiders as a group sold 705,535 shares in the public market at an average price of $1.61.
However, the selling is only part of the story. During the period, insiders excised 1,525,000 options. This net accumulation of
819,465 shares has boosted overall insider ownership at the firm from 2.1% of quoted market value at the end of April to
2.9% now.
Moreover, all the options exercised during the period were set to expire this month.
Given that insiders are hanging on to a sizable amount of their newly acquired shares, we would consider recent filings at
Ur-Energy to be an upbeat signal. While it would be prudent to continue monitoring filings at the firm to see if any more
public-market sales materialize, at this point insiders appear to be expressing confidence about the company's prospects."
Happy investing and GLTA longs!