RE:RE:RE:RE:RE:InsidersThe reports are there for you to see for free. You can go back years of Canadian Insider reports and the insiders have always sold off shares after exercising their options. My report from March 2016 shows over $3.5 million net selling for the previous 12 months. The only thing that surprises me is that after the beat down due to the Philippines nonsense, the insider selling might stop or some insiders might actually buy. Some support would have been a good sign but there has been nothing and it bothers me.
IMO, I think the situation in the Philippines has been more a drag on the stock price than Haile. But honestly, I think most of the price action in OGC the last month or two has been due to the GDXJ rebalancing and gold markets in general. If you look at a chart, it looks to me like the stock was front run by the big funds who correctly guessed that OGC was going to get picked up. There was a strong run up and you can almost see where the buying stopped at the beginning of June. The peak was at June 6th, the news came out on June 9th. Since then, that buying support from the rebalancing has gone out.
If you really like OGC, think the Philippines is going to be OK and think Haile is going to be OK, then this could be a buying opportunity. NZ is seldom discussed but it may actually be more important than people think for long term profitability. I am not sure just yet what to do. I will see how gold goes over the next week or so but I am getting very close to pulling the trigger again.