RE:RE:PPDMVWEB12 wrote
I'm at the same point. Why insiders investing half of the amount if things aren't going to work out? I really think we are on the verge of something. They have just enough cash on hand to roll until they end of January at the most (if no other PP). Stock can't go lower because below 5 cents, no PP, which would push the company to reverse split. My opinion, they are preparing a good quantity of concentrate to release a positive NR and push the price up. If that's not what's going on beh une the scenes, well here comes the reverse split!
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Yes insiders keep investing a considerable amount of money in each private placement. I doubt they would be doing that if they thought they would never get things going.
I bought back quite a bit of shares that i had sold awhile ago. Insiders such as Carberra have $3 million and counting in this stock and keep investing more and more. The way i see it if they can risk that much money i can risk a few grand at least to try and get back some of my losses on the shares i sold awhile ago.
Sooner or later they will have to make a news release saying that either they are declaring bankruptcy or that they have produced and hopefully sold some gold. Some of the reason they are being so quiet may be as you say that they want to produce and sell a good amount of concentrate and then have a really good news release which should make the shareprice go way up.
WGC now that i have bought back in you can go ahead with your good news news release anytime you want.
Good luck to all.