Bullboard - Stock Discussion Forum Providence Gold Mines Inc V.PHD

Alternate Symbol(s): PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which... see more

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TSXV:PHD - Post Discussion

Providence Gold Mines Inc > Insider Buying of Stock

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Post by Avocadopit on Dec 23, 2021 1:47pm

Insider Buying of Stock

Can one or more of the ultra negative trolls on this forum please explain to me why insiders would continue to buy stock in the company if there really was nothing there?

Are the trolls suggesting that the insiders don't know any better? That insiders would continue to invest in a company they knew was going to fail?

I've been involved in investing in multiple gold mines over the last 50 years, some that made it, some that failed. In 100% of the failures insiders would be selling stock, not buying it.

So how do the trolls explain the constant insider buying?

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Comment by stockman2021 on Dec 23, 2021 2:15pm

This post has been removed in accordance with Community Policy

Comment by MrGoldinvest on Dec 23, 2021 3:18pm

LOL another clown stockman

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Comment by givemeabreak1 on Dec 23, 2021 8:36pm

Pit No one, at not me is indicating management does not believe in the project. That said, we all know over 90% of theses companies fail. I think this is one of the issue ie the definition of fail! It does not mean the company disappears overnight but rather they never actually bring any product to market. In this case gold. If you follow these thing long enough you ...more

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