MTB Metals Corp V.MTB

Insider buying last week

[shawshank666]

The Bernard family bought 92,500 shares of MTB last week(Dec.11-Dec.15).
This is the last week of tax-loss selling. Hopefully the share price will rise in the new year as people buy back in especially if they release decent results from the third hole and then holes 2 and 4. With the $3 million they raised  this year from private placements and the $1 million from the sale of the Surprise Creek property they should have enough money for a while.

[ggrellette]

The Bernard family must be absolutely fumed to see the stock price at 6.5 or 7 cents after all that buying and 2 New Releases which did not raise the stock price. They may have money and nobody will ever argue against that but seriously down 50% or so. 

[shawshank666]

I thought there would be an uptick in the price after the tax-loss season ended but the share price continues to go down. Maybe people are selling to buy into the recent private placement but it doesn't make sense to sell at 7 cents to buy into the pp at 10 cents. Or the results are out on holes 2,3, and 4 and they don't look so good.

[ggrellette]

Sadly your thesis of hope did not pan out. Your excuse of selling to buy into a PP makes no sense either. However if they believe the stock will drop to 5 cents then YES it would be advantageous to sell at 7 or 7.5 cents to buy into a 5 cent pp. Otherwise the only answer is the results are poor at best. Now for the good news is they have money to continue drilling and they GEO better earn his

[shawshank666]

If you read what I wrote,I said it doesn't make sense to buy the PP at 10 cents and sell shares at 7 cents. What doesn't make sense is talking about a 5 cent PP when they said the PP is 10 cents. If the results are out and they are bad, shareholders need to know at the same time as the insiders. Let's see when they release the results. If the results are decent then people are selling

[ggrellette]

Just because they announce 10 cent PP does not mean it will be filled. The stock price is below that price so the only advantage is warrants. The only way they fill it at 10 cents the drill results MUST be encouraging. Otherwise this will drift lower towards 5 cents.

[shawshank666]

It seems like they closed the latest private placement at 10 cents. They didn't get the $400,000 they planned on but $320,000 is not bad. Maybe the fact that they didn't get the full $400,000 caused small negativity and some holders sold off recently to 5.5 to 6 cents. It still doesn't make sense to sell before the results of holes 2,3, and 4 are released. Anyway, if you believe in the