BNNSo BNN just had a speaker who said a new producing well for a junior costs about 10 million to set up.
With all the talk of the stock being a $1.00 REALLY SOON thats only 10 million more shares.
But at .10 thats 100 million shares, baring in ming they havent raised over a million at any given time for a few years now
Why in gods name would any insider sell their stock with so much potential....?
On top of that they just did a PP and can now pay out salaries that may be owing.
There are many reasons an insider might sell
The stock has run up and they want to lock in profit.
.08 to .12 is a big run
They need the money (note pp just done so likely not)
Leaving the company?
Warrants expiring ( if this was the case why not hold the stock as many said here it aint very much moola)
Insider may be concerned no news on the horizon and want to get somethi ng for their stock.
They felt lets sell some stock because I wanna.
So with the company being a 10 bagger as the pumpers here all say... why sell any?
10 BAGGER
yeah thats the ticket
LOL
AHAHAHAH
TEHEHEHEHEH