Post by
auburn2 on Jul 12, 2024 11:35am
Biggest insider buys yet
570,496 + 296,658 exercised by Binnion. That's over $1 million worth, without touching the share price. Nuff said.
Comment by
blackwolf25 on Jul 12, 2024 12:40pm
Makes no sense those shares are available at that price... the investment is literally half that as .76 will be returned. This company split into two parts worth .74... and some want out ?
Comment by
auburn2 on Jul 12, 2024 12:57pm
No, they are rights exercises. Usually execs exercising rights take the cash and run. Not so here. Very bullish.
Comment by
AVALONSHARK on Jul 12, 2024 2:21pm
But how are these insider buys? I thought binion sold his rights.
Comment by
auburn2 on Jul 12, 2024 2:45pm
This one for sure is a buy: "$443,800 +296,658 vol $1.50 each." Brought his direct shareholdings to 2,183,458 shares.
Comment by
auburn2 on Jul 12, 2024 3:31pm
Avalon, did you already liquidate your holdings? Once we get our cash July 17 I expect many of us to pile into both companies with at least some of that cash.
Comment by
AVALONSHARK on Jul 12, 2024 3:47pm
Still holding tight....the PNG lack of activity is a real concern though. There has to be roadmap towards cash flow positive operations for the international business.