TSXV:NORA.H - Post by User
Comment by
bplondonon Aug 26, 2012 10:37am
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Post# 20261671
RE: Cope has sold some more.....
RE: Cope has sold some more..... I wouldn`t read too much into it. Relatively small amount of shares compared to what he holds overall. Driver, Wilmot and Cavey have all exercised options to the tune of $100,000 each in the past week and have not sold any of those shares. I spoke with George Cavey about 10 days ago and he informed me that he had just done so.
That`s more important to me than Cope selling 55,000 shares. He might just need a bit of cash, or he may even be funding a further exercise of options himself (ie. sells 55K and picks up an additional 200K at 52 cents)-if that`s the case those trades might show up shortly.
While the resource estimate might move the stock a bit (I`d love for it to move it more but I don`t expect it), the real action will come with further increases in the price of silver following the resource estimate and ultimately the takeover, which still could be months away.