Red Lake Gold Inc C.RGLD

INTERESTING...

[LuckyMeLuckyYou]

Aug 22... Ryan Kait (CEO) discloses that he has purchased half a million shares through a wholly owned company at an average price of 19.42 cents.

Aug 26 ....shares go on a run ???? before being halted  pending company news.

Aug 27...before market open, we are told that the company have increased their land package next to GBR by acquiring more land claims for an undisclosed sum of money. Shares trade as high as 44 cents at open .

[vikinginvest]

Interesting indeed. BTU/RGLD shareholder here. I know many of you are too. Mr. Kalt is clearly manipulating the share price of both companies. Interesting indeed. My advice to Mr Kalt would be to hold both, but he is clearly bent on his new Red Lake holdings. Kinda looks good for all of the above. That's why I own both...and GBR of course.

[Horsey7]

This post has been removed in accordance with Community Policy

[LuckyMeLuckyYou]

BS...looks more like an insider lining his pockets through a wholly owned company before the news is made public. If you knew what he and his friends knew when shares were trading around 12 cents would you have purchased a good chunk?   

[TruthBKnown]

Curious if your CEO of one of your companies  bought over 30% of the company with his own money on the open market and the stock increased many times over because of this... would you complain then?

[vikinginvest]

Have to agree with this. Mr. Kalt is an insider. He is dumping BTU shares to finance RGLD shares and knows when to buy and sell based on insider knowledge. If there is a personal grudge involved then that is some kind of sabotage. Not interested in that. There is a good chance there is gold on both properties. That is why investors own both. I believe drill results drive share prices. RGLD will