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Bullboard - Stock Discussion Forum First Star Resources Inc V.FS

TSXV:FS - Post Discussion

First Star Resources Inc > Potential For Share Value Increase
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Post by ritespec on Jun 10, 2011 3:55pm

Potential For Share Value Increase


I fail to understand the negative posts relating to a block trade of 1.7m shares flagged as an insider selling. It's a simple case of security regulations requiring the broker to inform the exchange of sellers or buyers who are insiders. I don't see this as dumping or anything to be alarmed about.

Looking at the positive side the buyer in this trade has made an investment of $292,000 at very high risk.

This stock remains on my watchlist of potential stocks for increase in share value even though caution is advised.

Comment by Chipshot2 on Jun 11, 2011 11:38am
There is a ton of potential here and even though I am somewhat frustrated I have not sold one share. We now have to anticipate the summer doldrums where share prices do next to nothing for 8 to 10 weeks. It would have been nicer to see the price in the mid $.20's vs where we are now and are likely to see it stay now. I still contend that there are forces out there that have suppressed this ...more