RE:RE:Strange that no Insider or major shareholder is buying ...NP,
You said: "Eric Sprott is the main AZX insider, and he has already positioned himself to benefit from a sale. ES is also staying below the 10% ownership threshold, while playing the upside with his warrants."
I have trouble following the facts here. If the second sentence is true then, by definition, ES is not an insider, unless he has access to privileged/confidential information given to him by insiders or company staff.
Is there any new information that says he now has more than 33.3Ms (or = 33.3/478 = ~7% OS as stated in the Fact Sheet)? (In fact, the company is not under any obligation to list any holding, with the exception of insiders information, below 10%, unless the holders agree to the release of the information).
Fact Sheet also listed "Management/Insiders" has 6% ownership. Two comments: First, ES is listed for 7% as a separate entity and not as insider; second, presumably this means the former management, but now with EO and MV gone, this group should be referred to as "insiders plus friends" = the Founder's Group. EO is an insider, since he (still) is a director in the current BoD.
The current management should tighten up some of the information. Things are getting better, but the Corp Presentation has not been updated, the current one is dated November 2017. Somebody should give them a call. It should not take long to have this updated with the latest info. May be they wait until the release of the updated RE?
It's important to project an image that the company is under new management that is paying attention to key information that is meaningful to shareholders.
GH
----------------------------
NextPhase wrote: with all of the good news to be expected
You must be on the wrong message board. This is AZX, where market expectations are extremely low.
Not even a secretary or non-commitee employees or officers are buying "any" shares, at all ?
Eric Sprott is the main AZX insider, and he has already positioned himself to benefit from a sale. ES is also staying below the 10% ownership threshold, while playing the upside with his warrants. The management team has been cleaned out.
I don't think it would be prudent for the BoD to be trading on information that hasn't been released yet to the broader market. You know, insider trading and such.
NP
Disclosure: I own AZX, this is not financial advice, do your own DD