OTCQX:CNSNF - Post by User
Comment by
krishakon Sep 28, 2013 9:25am
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Post# 21775292
RE:MD&A out...
RE:MD&A out...BOBF:
I heartily concur with your feelings about Palmer and it's management. In the PP on 7.22.2009 Garfield bought just over 10% of the entire company (4,200,000 shares @ $0.12, + warrant exercise @ $0.20 in December 2009). That is the finest example of "putting your money where your mouth is" that I am aware of in the junior resource sector.
Insider trading is one reason I have great expectations for the future, including the next few months. It was nice to see Garfield and Darwin, buying into the April panic lows in trades that looked like they were market orders. More significant, to my mind, are the 6 carefully placed limit trades that Livingstone made in May. He bought over 300,000 shares all at $0.04 at that time. Livingstone is a founding director of Constantine, and as far as I know this was the first time he bought shares on the open market since trading began on 8.29.06. So why did Livingstone figure that this summer was the best time to increase his stake in CEM in seven years?
I think his action signifies blue sky's ahead from Dowa and Teck. What I would most like to see in the near term is Dowa following Teck's example and buying some stock in CEM to boost the treasuries $400K in cash. It is comforting knowing that insiders own 20% of the company, means their actions should be very much in our best interests.