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Cannon Point Resources Ltd CPOTF



GREY:CPOTF - Post by User

Post by Ruxtonson Dec 18, 2012 10:18am
512 Views
Post# 20744858

In addition.

In addition.

According to Sedar, Frank G. thr his foundation & co. purchased the recent shares (1,750,000) for the sum of $245,000 or .14 cents a share.  The recent options were priced @ .15 cents.  My point being, that as of this morning the shares are .17 to .18 cents. It is always a good thing to pay close to if not the same price the insiders are buying at.  It doesn't happen too often, so I see the current share price as an opportunity.  This company also has almost $5 million in cash which equates to approx .125 cents a share on a non-dilluted basis.   If you are a speculator with patience this stock could provide some golden dividends down the road based on the track record of the majority owners of  this stock.  Do you own DD. Good luck.

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