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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

SLAM Exploration Ltd. is a Canadian junior resource company holding a portfolio of gold and base metal projects. The Company is engaged in the acquisition, exploration and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. The Company's projects include Mine Road Project, Menneval Gold Project, Ear Falls Lithium Project, Jake Lee Gold Project, Highway Gold Project, Keezhik Gold, Dam Lake Project, and others. The Mine Road Project is a significant addition to its portfolio of wholly owned BMC projects that include Goodwin, O'Hearn-Strachens, California Lake, Lower 44, LBM, North Rim, Portage, Satellite, Nine Mile, and Red Pine. The Highway project has demonstrated polymetallic potential with 10 known mineral occurrences that include zinc, silver, copper, cobalt, molybdenum and tin as well as gold. The Company holds NSR royalties on the Wedge copper zinc project, Ramsay, Reserve Creek, and Opikeigen gold projects.


TSXV:SXL - Post by User

Bullboard Posts
Comment by cartach13on Nov 20, 2010 7:43pm
456 Views
Post# 17735155

RE: RE: RE: Insider Selling

RE: RE: RE: Insider SellingWhen insider selling constitutes your two largest shareholders then it's something to at least pay attention to. Management insiders have never been my concern but when Mineralfields starts to manipulate the SP to bring it down when it's starting an upward trend [look at the share history chart going back 2 weeks or so] then I start to wonder why they want to keep it depressed. What I would expect them to do if they wanted to manipulate the price is to get it moving up or prevent it from falling. They state they invest in junior exploration companies that a have a good chance of appreciating in value and offer $10,000 minimum packages of flow through shares in these companies. That's about all I know about them but it would seem to me that if SXL is to be one of these companies then the share price should be encouraged to appreciate out of the penny stock range.We know the fundamentals are there and that they deserve a higher price,so do those analysts who cover the stock and basically so does Mineralfields, having invested a large sum of money for SXL shares. So why sell to depress the stock because isn't that what happened?
Bullboard Posts