Post by
Teakbois on Jun 30, 2021 9:36pm
RE: PRICE
So lets do a little due diligence for those who havent done it.....
How undervalued is the company? They have plenty of cash which means no more dilution in the forseeable future.
Thats $28-30 million in cash....which works out to 10-11 cents a share!!
So the market is valuing 130 thousand + hectares of silver/gold bearing property at 15 cents a share. You gotta be kidding!
So maybe insiders are selling? NOT!!
Just in the last 6 weeks Gilchrist, Brent Lindsay only insider to sell shares in the last year....sold 115K shares for $43K and 1 week later bought 400K shares for $100K. Upped holding to 4.2 milllion shares.
Obradovich, Thomas John....bought 350K shares for $87,500. Upped holding to 4.39 million.
Ruben Padilla.....bought 170K shares for $42,500 upped holding to 4.37 million shares.
Korek Jason bought bought 90K shares in March for $18K, 679K shares last summer. NO other insider sales since Jan 2020.
Lets not forget Osisko who increased its position from 16 million shares to 24 million shares....
or ASA Gold who bought 33 million shares, all in Sept of last year.
Is this company a screaming buy? Or what?