President Gignac buys 10000 shares!In the mining sector, Cambior [T.CBJ] was a beacon of buying activity. Louis Gignac, president and CEO of the company, picked up 10,000 shares at $0.38 each on December 20. He still holds 57,719 shares in the Quebec gold miner. The company recently closed a US$65-million credit line deal and a US$55 million gold sale, along with the conversion of a US$6.3-million loan by Japan's Investor Jipangu. The developments come as part of a financial restructuring initiated after Cambior nearly went bankrupt due to a hedging program.
What a tycoon investor! How does this incompetent guy (in my view) still have a job with this company? This is beyond me. He has less shares in this company than any other director in other companies that I know of. I nominate to replace him with a chimpanzee!