Accumulation!! Personally, very good news(imho).....770,000 ounces, now they just have to prove them up by infill(M&I)......Steps are getting much closer to re-opening this Beliveau mine, ....."as we are on track to deliver on the value of this asset"
"Given its initial success, the Company will continue its work toward re-opening the Beliveau mine where 167,000 ounces were extracted in the 90's by Cambior (now Iamgold). Marco Gagnon, Adventure Gold president and CEO declares "today's announcement is a big step forward for the Company. This resource estimate continues to show the merit of our efforts as we are on track to deliver on the value of this asset."
Now we know why Marco Gagnon and Marc L'Heureux just exercised their options at .265 s/p for combined 700,000 shares.......Today is clearly the smart money accumulating., very good volume.....GLTA