TSXV:EPO.H - Post by User
Post by
eztwo1on Feb 10, 2011 11:23am
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Post# 18109175
TSX (TMX) insider sales are
TSX (TMX) insider sales areautomatically recorded based on codes assigned and may not actually show a "definitive" insider sale if the code was not changed. It may also not record a sale/buy if the seller/buyer is not registered. That is why the TSX insider sales may not jibe with those you see on canadianinsider.
LEO is no longer considered to be an insider after the sale of 26,000,000 shares last Nov. This was made clear in a LEO release. Perhaps it is still entered as such on the site mentioned, if in fact, it was LEO that sold.
With all the trading and shifting yesterday,as well as the possibility of the above, I wouldn't be concerned about that "insider" sale. As already mentioned by an astute poster, Leo needs money for its drilling partnerships in Africa and has its EPO shares on its books at 25 cents. The last time it sold we all witnessed the positive outcome. EPO appears to be holding strong after yesterday's "flurry" that adversely affected potash juniors. We may not have the froth of others, but EPO does seem to have a solid basis that should deliver good returns. It's relatively steady upward progression is not to be ignored. Many here have already done very well and hopefully will continue to do so.