RE:well more insider buyingSo, last week Disbrow filed a report indicating he owns over 12% of outstanding NKO shares now, at an average purchase price of 1.78$ (see links below).
Do the math- 12% of 94M shares = 11.28M shares @ 1.78$ each = about 20M$
https://www.stockhouse.com/companies/bullboard/t.nko/niko-resources-ltd/7?postid=23126622
https://www.stockhouse.com/companies/bullboard/t.nko/niko-resources-ltd/5?postid=23132233
Remember this guy has to file this info because he is an insider, and he has an unfair advantage when purchasing stock. He knows the direction the company is taking before the rest of us know. He has to make stock purchases far enough ahead of time, before those developments become material/fact, otherwise he will be guilty of insider trading. So he must see a positive direction for the company. And he must be pretty sure the company is headed in that positive direction. 20M$ is an awfully strong vote of confidence. He's sunk 20M$ of his own money to own 12% of a 28M company (according to market valuation)$? I think not. He sunk 20M$ of his own money into a company that he believes is going bankrupt? I think not. So, bashers can bash all they want, but until they are willing to put up that kind of capital in support of their belief, Disbrow's money speaks louder to me. If he starts selling large chunks, I will listen to that as well.