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MacDonald Mines Exploration Ltd V.BMK

Alternate Symbol(s):  MCDMF

MacDonald Mines Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. It is focused on exploring its 100%-owned, 19,455 ha Scadding-Powerline-Jovan (SPJ) Project located 20 kilometers (km) southeast of the prolific Sudbury Mining Camp in Northern Ontario. The SPJ property consists of the Scadding, Powerline, Jovan, Blueberry, Loney and Golden Copper properties. Scadding Mine, as well as additional mineral claims that surround the Scadding Mine site, which is located in Scadding Township near the Wanapitei-Ashigami Lakes district, east of Sudbury, Ontario. Its Hembruff Copper property consists of 30 mining claims over 6.64 square kilometers.


TSXV:BMK - Post by User

Comment by shelbson Mar 13, 2013 2:19pm
323 Views
Post# 21123949

RE: RE: RE: Insider Trading

RE: RE: RE: Insider Trading

I couldn't disagree with you more.

 

A) If any "insiders" were trading this stock, it would have to be posted. The geo techs wouldn't have to, but anyone on the board of directors would have to, and anyone in management (ceo, cfo, vp, etc).

B) Look at the volume we were sold down on. Literally next to nothing. We were sold down from 8.5 to 8 on 100K, from 8 to 7.5 on around 100K, and from 7.5 to 6.5 on 202K with roughly only 20K of that being traded at 6.5. I see this lots too. It's called trying to bring the stock down to weed out the weak and put doubt in people's heads. The big boys bring down the stock price on small ball volume and try to collect all the scared investors shares.

C) I've talked to the company recently. They are still in the early phase of drilling. We might get an update at some point, but I don't expect the drilling data to be out within the month. I would be towards the end of April.

D) Look at the SP now. 6.5 was short lived. Remember when the stock hung around 5.5, 6, 6.5? well now the stock is hanging around 7, 7.5, 8, 8.5, and even 9. We haven't seen these prices for quite sometime. I even see the stock hanging at these levels without much of a sell-off for people like nanaimo who purchased at 5.5 and is exiting at 8.5. This would tell me that people (friends, family, geo techs) close to the insiders are confident.

 

Cheers,

 

Shelbs

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