Post by
garmin1 on Apr 27, 2010 2:55pm
Director buying
MOK Director David Birkett picked up 100,000 shares @ .20 on the 14th of this month. I have no idea whether this individual is on the inside loop with Wesdome, therefore I have no clue if this means anything.
Might add that John Hilland sold 21,000 @ .15 on Mar. 24.
I believe these people came along with the land when Moss Lake consolidated some claims, so they may be insiders , but not "inside" insiders.
Wesdome touts its strategy as being a Canadian "underground" miner, but the Brett Resources story certainly illustrates that Northwestern Ontario bulk deposits can be serious wealth generators as well, so that being said, one can only wonder what Wesdomes strategy going forward for MOK is behind closed doors.
The strategy of squatting on "ounces in the ground" has been bench tested, and "it does not work". The apparent absence of activity for the last 18 months shows in the shareprice. Want to avoid share dilution you first have to maintain this corporation in a responsible way.
garmin1
P.S. Brett Resources (BBR tsx-v) is 70 km to the NW, approx. 6.7 mil. ozs. gold running around .8 g/t, using .3 g/t cut off.
They started out a few years ago with a resource of about 2.5 mil. ozs. and a bit of money, (50-60 mil. shares).
Today market cap is north of $360 million (107 mil. shares) with a buyout in the works by Osisko (OSK tsx)