Troilus Gold Corp T.TLG

Interesting trades

[pepperino]

Time and Sales

 

Date/Time	Type	Price	Shares	Exch/Mkt	Buyer	Seller
08/03/2023 10:08 AM ET		0.415	364	TSX	62	62
08/03/2023 10:08 AM ET	W	0.415	3176000	TSX	62	62
08/03/2023 10:08 AM ET		0.42	4000	TSX	48	62
08/03/2023 10:08 AM ET		0.425	14500	TSX	007	62

[VickRoxman2]

According to INK insiders...   It was related to "rights restricted share units".  Looks like all the management excercised them yesterday.     It unfortunately gives the appearance of a big sell off and creates a further downside from some retailers panic selling....hence, the sell off today.

[pepperino]

I was looking at the insider filings on SEDI.   Trying to figure out exactly what the transactions mean:   Filed 2023-08-04 08:53   Tx date 2023-08-03 $TLG Troilus Gold Corp. Pritchard, Ian 5 - Senior Officer of Issuer Direct Ownership Common Shares 11 - Acquisition or

[pepperino]

Are the transactions essentially insiders selling shares to use the funds to exercise the purchase rights?  

[VickRoxman2]

Yes. I guess they decided it was a good time to do it with the stock price so low as it counts as income and taxed.  Less tax is good for them when making several hundred thousand...

[pepperino]

As long as management made out alright...shareholders, not so much

[VickRoxman2]

No need to worry about management being alright lol!   I don't think they are to badly affected by inflation. I'm sure Justin is still purchasing his "honey crisp apples". $5 bucks an apple at Loblaws where I'm sure he shops ( or pays someone to shop for him)