Why I bought 80K yesterday @ $0.24 I was a shareholder of Stratagold before they sold the Eagle Gold project to VIT in 2009. At the time I thought Stratagold shareholders had been screwed & that VIT got a great deal. The fact that VIT has turned this project into its "flagship project" confirms my thinking that they acquired it super cheap.
So over the past three years I have followed the progress, without ever wanting to invest in the project again - until yesterday. At
.24 I bought the stock at a 7.7%, 9.4%, 11%, and 20% discount to prices paid by Randall, Agro, McConnel, and Ayranto respectively in their recent purchases. I have been trading gold stocks for almost 40 years, (remember the excitement when gold broke through $200), and in that time insider trading has provided the best indicator I know of when to buy. When I can buy at a substantial discount to the prices management paid it makes purchasing even more compelling.
Gold looks to be on its way to $2,000 or more on this move. Investors will remember very soon that gold is the only financial assett in history to have increased in price every year for 11 consecutive years (this will be # 12). Leveraged plays will get the bigest boost and my top picks are KGC and VIT - the junior and senior leveraged duo!