OTCQX:CNSNF - Post by User
Comment by
krishakon Nov 28, 2013 9:12am
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Post# 21949301
RE:New 10% holder (...again?)
RE:New 10% holder (...again?)Good job disneyandbond! This is a big deal, because Tognetti is a very big player in the junior resource sector. He has a habit of accumulating very large positions in small cap stocks - and he is a long term investor.
Tognetti was a reason I lost a lot of money in Azimut. After AZM's initial discoveries in Nunavik in 2011 there was a surge of buying by insiders like Potvin and Tognetti. I remember watching Tognetti buying big blocks of stock over $1.0 and as high as $1.50. Insider buying is a pretty reliable indication of value, and AZM had a joint venture with Aurizon on the project. So I bought a few 100K - today the stock is $0.15! I bailed out long ago and put the money into CEM, but Tognetti is still buying, he bought 20K on 4.11 @ $0.175. If Tognetti took all the money he has sunk into AZM and used it to buy CEM at $0.05 he could buy the entire company!