Post by
HuntNGather on Apr 28, 2015 12:27pm
Insider Buying and Buying and Buying and ....
What I am saying is that the company may not matter. It may not be actually doing anything on the ground or have any intention of pulling anything out of the ground. There is the potential that this insider is gradually taking in shares of the company that come available and is essentially performing the slowest shell-company 'back-in' that I have ever seen. I always wondered where they planned to go since they have no news coming out. It is not something that I fully understand. But I have heard that setting up a symbol on the market can be a Million dollar spend. If you gradually pick up the shares off the floor and are patient, you can end up with the entire company for significantly less than that. It is clear from this chart on Canadian Insider that someone on the inside (and there are not that many of them) is interested in owning more of the company. Whether it is for the core business of mining. Or it is for 'god only knows what'... they are buying whatever they can get for cheap and are in ABSOLUTELY NO HURRY. Slow and steady accumulation. HnG https://canadianinsider.com/node/7?menu_tickersearch=SHI+%7C+Sunrise+Resources
Comment by
vanguish on Apr 29, 2015 10:34am
I would agree if I would notice ANY buying! With such tiny numbers of shares traded within last 6 months you would not even be able to hold 5 % of SHI.
Comment by
HuntNGather on Apr 29, 2015 11:10am
OK, fine. Then why else would Murton be buying shares. Just to throw money down the toilet. Ours...maybe. His....? I doubt it.