Re: insider buying
in response to
by
posted on
Apr 02, 2014 11:23AM
Focusing on the Dallol Potash Project in Ethiopia
I don't like the freebies either. They are not risking anything with freebies. like I said before, if they would be matching (even in multiples) of shares that management or other staff and insiders purchased on the open market, that would show confidence. I'm not a happy camper but I do believe that we will move forward and get the financing, then start building a mine. At that point institutional investment will drive the price up.
Look at late january. this is when Cormark purchased ~ 1 million shares and haven't sold any since. This I beleive was institutional buying. See price history for late january below.
Date | Open | High | Low | Close | Volume | Chg | % Chg |
01/28/2014 | 0.50 | 0.53 | 0.49 | 0.50 | 1,473,213 | 0.00 | 0.00% |
01/27/2014 | 0.465 | 0.51 | 0.465 | 0.50 | 1,950,642 | 0.04 | 8.70% |
01/24/2014 | 0.45 | 0.465 | 0.445 | 0.46 | 2,000,134 | 0.02 | 4.55% |
01/23/2014 | 0.43 | 0.445 | 0.43 | 0.44 | 1,588,506 | 0.01 | 2.33% |
01/22/2014 | 0.405 | 0.43 | 0.40 | 0.43 | 886,712 | 0.02 | 4.88% |