GREY:VITFF - Post by User
Comment by
rgrieveon May 31, 2012 2:03pm
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Post# 19966617
RE: RE: Insider Buys
RE: RE: Insider Buys I'm sure they did have confidence at $.86 and at all of the various prices that they paid. However, they have really stepped up their buying at lower prices. The range of prices they have paid is $1.04 to $.20. Last year and this year showed the most "open market" buys which tells me their confidence has been building over the recent time frame. The point is that they have a great deal of cash money riding on the success of the company.
As to your question about Kinross....the other shares they own are shown on sedi under the name EastWest Gold Corporation which is wholly owned by Kinross. Eastwest holds 24,701,024 and together with the 31,185,603 shares equals 16.4%
Sun Valley is a hedge fund and the fact that they along with all of the insiders have held steadfastly without selling a share is a strong endorsement in the belief in Victoria and the Eagle project. Add to that the seven or eight analysts that have buy reco's on the stock and it is compelling.