RE:RE:RE:RE:RE:small blocks sold by insidersI went on the sedi site and could find no insider trades for the last two weeks - search allows you to check past week - 2 weeks past - etc. I did find on Sedar that Trapeze Capital Corp did buy a bit over 49000 shares - about the end of march - they already own 3.6 million shares. If there is some insider selling it could be a result of exercising options - who knows - what I cannot see is any excessive selling by anyone and the volumes are staying low.
Markets are getting toppy and I think a significant correction is near - may be here - I would sell and hope to get back in at a lower price but my luck I would be out when a permit approval came in and thats not gonna happen. I will ride out any price decline. If the price floats down as it easily could in a correction I will add. I would not be surprised to revisit $1.60 but there may be support before that.
Something that has not been talked about is grades. If you look back at the last three years there has been a steady increase in grades over the last three years. My understanding, based on calls to the company is they feel there may be some better grade ore available as some of the nearby mills (six in area I believe) have been shut down. Keep in mind that a move from 1 gpt to 1.25gpt goes straight to the bottom line. I am not speculating on what the upcoming grades may be but based on past performance I would be optimistic.
GLTA Stinky