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Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canadian-advanced exploration company. It is focused on advancing the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. In addition, the Company holds an option to acquire 100% of the Eagle Mine Property, a key part of the historical Joutel mining complex. The Douay Gold Project is located over 55 kilometers (km) southwest of Matagami and 130 km north of Amos, Quebec, by road. The Joutel Gold Project is 100% owned by the 50/50 Joint Venture (JV) between Maple Gold and Agnico Eagle Mines Limited (Agnico). Joutel Gold Project is located approximately 70 km southwest of Matagami and 125 km north of Amos, Quebec, by road. The Eagle Mine Property is a 77-hectare property located several kilometers west of the former mining town of Joutel in mining-friendly Quebec, Canada. Its Morris property is located approximately 30 km east-northeast of the town of Matagami, or over 110 km north-east from the Douay camp.


TSXV:MGM - Post by User

Bullboard Posts
Post by ChiChi3on Jan 11, 2013 4:11pm
272 Views
Post# 20828002

Insiders purchase shares

Insiders purchase shares

Well the insiders were very active in the new Aurvista financing which is an extremely good sign. McCarvill bought nearly 1.7 milliion shares himself! Two other insiders purchased about 300,000 more shares. So, about a third of the new financing,done at 30 cents/share, was contributed by insiders. I for one will be looking for an opportunity. You can bet that if insiders liked the share price at 30 cents, they will start buying below that share price.

Of course, insiders don't invest this kind of money on a whim.  They must truly believe there is huge potential here with a reasonable chance of occuring.  Even if the share price gets back up to the IPO price of $1, that would be a 400% return from these share levels.  Insiders are probably hoping for more like a 10-bagger.

Chi

 

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