Generation Mining Ltd T.GENM

Insider buying

[seriousinvest]

It looks like insiders bought ovver 1.5M shares in thte last feew days.  That is always a very positive sign.

[PrussiaProfit]

Im speculating here, do you think it has to do with GENM starting to negotiate with Sibanye and Sibanye has started to show real interest in the project? So many Insiders frequently buying options/shares in the past days signals to me that somethings might be happening behind the scenes. What do you think?

[JAUBE123]

Ya I think some might be lining themselves up for what they know is  to come. Probably the last chance to do so. We re-tested and rejected 99cents pretty good. As well as market realizing that the price of our commodities is still bullish for the next 5-10yrs. 

[Sacks45]

1.15-1.20 close if this stalemate continues

[Lifexprt]

Last time you called a close we ended down to the $1 mark. Although recent insider buying does bode well.

[Sacks45]

I gotta get right at least once :)

[Sacks45]

Oops

[seriousinvest]

I don't know Canadian securities laws but in the US buying when you have material inside infor(i.e that there are negotiations about a major deal) would get you into serious trouble. I would think the rules are the same in Canada. The insiders may think negotiations will begin but I doubt they have begun.

[Sacks45]

The company must inform the tax and they place a block on insider trading for a while. It has to be serious negotiations and not speculation I think

[Y93H1979]

The directors know what we are all on to, that this is a seriously undervalued project, so hence they buy. No way would they be buying on the open market if negotiations were under way, that would be a serious breach of securities law. Notice that while the DFS was being prepared, there was no isider buying, as the board had access to information we did not. Only when it was filed were they able

[Rainyday]

I started buying this 6 months ago at $.50 (after it had been moving sideways for about 3 months) and have bought more since then when funds were available from closing other positions. I agree that the SBSW decision is not crucial - the company will do well either way. I also continue to buy because, as you said, the stock is still as good (I would probably say even better) than it was 6 months