Petrominerales Ltd PMGLF

RE: RE: Insider buys 65,500 shares today

[soberinvestor]

Sorry, I don't see it that way but I don't also see much downside for the foreseeable future. It’ll probably hover between 7.5-8.5 for a while. Best way is to buy now and sell a call against it. If you do that properly you can collect about 30 percent/year considering call + dividend providing that it does what I said and dividend is not cut. There’s always possibility though that if they find considerable new reserves the stock will be restored back to its glory.