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Nickelex Resource Corp V.NICK

Alternate Symbol(s):  NKLXF

Nickelex Resource Corporation is engaged in the acquisition, exploration, and development of natural resource properties. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties, and Pilar Gold Inc. and Laiva Gold Inc. The Swift Katie gold/copper property near Salmo, British Columbia is an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. It has an option to earn up to an 80% interest in the Moak North and Wilson Mineral Exploration Licenses in the Thompson Nickel Belt (TNB), Manitoba. The four licenses are located 30 kilometers north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. Pilar Gold Inc. and Laiva Gold Inc. have operations in Brazil and Finland. Pilar Gold operates the Pilar gold mine in Brazil. Laiva Gold owns the Laiva gold mine and mill in Finland.


TSXV:NICK - Post by User

Post by mferguson71on Oct 30, 2020 9:54am
140 Views
Post# 31812264

Management

ManagementWhile in the relatively short time I have been invested in the company been impressed with the moves management team has made one thing is a little concerning to myself. A great gold property, with gold expected to be poured by the end of October (even if it is November I'm still impressed) a market cap price of the company lower than what the purchase price of the two gold properties were and a boat load of potential. 

Why aren't we seeing any insider buying? Last insider buying on the open market was Brian McGrath with 2 purchases in June totally $7500. 

Is there some sort of rule about insider buying for a certain time that I don't know about. I know recently  I learned that an insider can't buy more shares after the stock has traded at a certain level on a moving average if we see prices increase. Eric Sprott mentioned that in one of his podcasts. 



Filing
DateTransaction
DateInsider NameOwnership
TypeSecuritiesNature of transactionVolume or ValuePrice

Jul 13/20Jul 9/20Thatcher, Graham HenryDirect OwnershipWarrants16 - Acquisition under a prospectus exemption200,000$0.100
Jul 13/20Jul 9/20Thatcher, Graham HenryDirect OwnershipCommon Shares16 - Acquisition under a prospectus exemption200,000$0.050
Jun 19/20Jun 15/20McGrath, Brian TimothyDirect OwnershipWarrants11 - Acquisition carried out privately50,000$0.100
Jun 19/20Jun 15/20McGrath, Brian TimothyDirect OwnershipCommon Shares11 - Acquisition carried out privately50,000$0.050
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