GREY:COLUF - Post by User
Comment by
stitch1956on May 16, 2013 6:09am
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Post# 21401717
RE: RE: RE: RE: UPDATE ...................
RE: RE: RE: RE: UPDATE ...................How do you account for the insider buying? This was quite substantial and quite recent. It is quite rare to see insiders buying out of the market as they are already loaded up on options. As well, it was not that long ago that Sandstorm forked over 75 million. It seems to me that they would not throw that type of money around without some exceptional due diligence. This is a unique project but there was helluva lot of data from the pit that supports the approach they have taken. Also, how can they know the grades, the nuggety nature of the ore body and the grades are why they went ahead and built the mine. That said, I thought the bulk sample had to be assayed in a secure environment and that was going on right now. They need to clarify that point immediately. Normally this sort of share action would suggest something is amiss or somebody knows something, however every company in the gold market looks the same. Its hard not to be emotional when the whole market looks like it is going to zero. >