RE:RE:RE:RE:RE:RE:Stock Price
Bob; In my post I said, "I bought 100K GOG @ $0.02". I was adding to a position I have established, all bought at $0.02. The fact of the matter is that the stock is now Bid $0.03, so what I bought two weeks ago could now be sold for a 50% gain.
At $0.02 GOG was trading at the lowest price since the company started trading in Jan 2009.
Moreover George Durst, a director has been buying continually throughout the year, and at higher prices, see a record of his earliest purchases this year, below.
| 01/22/15 |
Durst, George,
10% Security Holder of Issuer |
10,000 |
Acquisition or disposition in the public market at $0.065 - $0.065 per share. |
$650 |
| 01/13/15 |
Durst, George,
10% Security Holder of Issuer |
1,000 |
Acquisition or disposition in the public market at $0.075 - $0.075 per share. |
$75 |
| 01/13/15 |
Durst, George,
10% Security Holder of Issuer |
5,000 |
Acquisition or disposition in the public market at $0.08 - $0.08 per share. |
$400 |
| 01/05/15 |
Durst, George,
10% Security Holder of Issuer |
49,000 |
Acquisition or disposition in the public market at $0.075 - $0.075 per share. |
$3,675 |
The point I was making in regard to my recent 100K purchase of GOG is that when you buy these stocks trading at multi-year-lows, AND when there has been substantial insider buying you can realise a gain quite quickly.
Everything I posted is true and can be checked in the Price History of GOG, - it is entirely credible.
More to the point, what about CEM? I never ever imagined that CEM would be trading this low, and I understand Twiggy's caution about buying without knowing what is happenig. At $0.06 the stock seems to be discounting any future for Palmer. Yet CP's reports show that management is actively engaged in activites, including the hiring of a mining engineer, that only make sense if Palmer is expected to become a mine.
The only crum of comfort I can find at the present is that the stock prices of some blue-chip resource stocks, such as Mirasol Resources, (MRZ), Pilot gold (PLG), and Midas gold (MAX), are
in even worse shape than CEM. These stocks are all selling at the lowest prices in their history and are favorites of Brent Cook, Eric Coffin, and John Tognetti who is a direcor and insider at MRZ. When the investment climate for resource stocks is this terrible, the lack of news really hurts, as we can see.