RE:RE:RE:RE:Clearing My Head From the Noise Some feedback --- Paul has increased his holding in WRN from 390k shares in 2019 to 880k shares today.
You should always consider the amount of holdings AFTER transactions --- if someone is given 200k options with a strike price of $1.5 and they exercise at $2.0....generally speaking they sell enough shares to cover taxes. So after the tranacton if they sell 200k shares but net an incrase in holdings of 120k shares...do you consider that dumping shares???
I did comment to Paul, it would be nice if insiders (BOD and management) not only increased holding by excercising options and getting free shares....but also buy on the open market! I also commented that boards commenting that you are dumping shares and giving the impression of abandoning the ship. Here's his response -- realizing i'm sure i will get trashed by everyone for at least trying to show the other side of the coin here.
'Absolutely, still a believer – not many CEO’s stay around for 9 months to ensure a smooth transition!
The chat board always sees the share sale and not the option exercise, and I always say the same thing – look at the overall share movement.
Note that in the last financing that board members Tara Christie and Klaus Zeitler both bought shares!
With copper over 4.50/lb, no new copper projects of significance on the horizon, our war chest of $80 million, copper M&A picking up – I could go on – this is the easiest investment to make. There is some selling right now as expected after a rally in the stock, but I think we’re going to see some big movement coming up.
Paul'