Nickelex Resource Corp V.NICK

Management

[mferguson71]

While in the relatively short time I have been invested in the company been impressed with the moves management team has made one thing is a little concerning to myself. A great gold property, with gold expected to be poured by the end of October (even if it is November I'm still impressed) a market cap price of the company lower than what the purchase price of the two gold properties were and a boat load of potential. 

Why aren't we seeing any insider buying? Last insider buying on the open market was Brian McGrath with 2 purchases in June totally $7500. 

Is there some sort of rule about insider buying for a certain time that I don't know about. I know recently  I learned that an insider can't buy more shares after the stock has traded at a certain level on a moving average if we see prices increase. Eric Sprott mentioned that in one of his podcasts. 



Filing
DateTransaction
DateInsider NameOwnership
TypeSecuritiesNature of transactionVolume or ValuePrice

Jul 13/20Jul 9/20Thatcher, Graham HenryDirect OwnershipWarrants16 - Acquisition under a prospectus exemption200,000$0.100
Jul 13/20Jul 9/20Thatcher, Graham HenryDirect OwnershipCommon Shares16 - Acquisition under a prospectus exemption200,000$0.050
Jun 19/20Jun 15/20McGrath, Brian TimothyDirect OwnershipWarrants11 - Acquisition carried out privately50,000$0.100
Jun 19/20Jun 15/20McGrath, Brian TimothyDirect OwnershipCommon Shares11 - Acquisition carried out privately50,000$0.050

[defcon1]

Maybe they are tapped out from carrying the company so long. Looking at the last financials, they are owed a lot of money. My concern is that they still have not completed the purchase of the Brazilian sub yet unless I am missing something. Last update was waiting for regulatory approval. How is the $.1 financing going and when is the next payment due for Livramento? Some thoughts on share price

[GoldenEra]

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