Re: Insider Purchase......Not so Nice
in response to
by
posted on
Dec 28, 2012 08:32PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Tax reasons or not it doesn't mean anything unless it were to continue. He's been blacked out for a long time and may have needed the extra cash.
Yes. I know he just left on vacation until the 14th..lol I called.
I also know he's super bullish on Copper Fox or he wouldn't have bought 12.4 million shares. Paying as high as $2.64.
This is the kind of guy that sells shares and the very next day buys them see below and look at the dates:
Jun 28/12 | 10 - Acquisition or disposition in the public market | 5,000 | $1.090 | 12,548,900 | |||||
Jun 28/12 | 10 - Acquisition or disposition in the public market | 5,000 | $1.080 | 12,543,900 | |||||
Jun 26/12 | 10 - Acquisition or disposition in the public market | 12,000 | $1.120 | 12,538,900 | |||||
Jun 26/12 | 10 - Acquisition or disposition in the public market | 39,200 | $1.110 | 12,526,900 | |||||
Jun 26/12 | 10 - Acquisition or disposition in the public market | 29,000 | $1.100 | 12,487,700 | |||||
Jun 26/12 | 10 - Acquisition or disposition in the public market | 30,000 | $1.090 | 12,458,700 | |||||
Jun 25/12 | 10 - Acquisition or disposition in the public market | -24,900 | $1.130 | 12,428,700 | |||||
Jun 25/12 | 10 - Acquisition or disposition in the public market | -100 | $1.122 | 12,453,600 | |||||
Jun 25/12 | 10 - Acquisition or disposition in the public market | -60,100 | $1.120 | 12,453,700 | |||||
Jun 25/12 | 10 - Acquisition or disposition in the public market | -45,000 | $1.110 | 12,513,800 | |||||
Jun 25/12 | 10 - Acquisition or disposition in the public market | -21,300 | $1.100 | 12,558,800 | |||||
Jun 25/12 | 10 - Acquisition or disposition in the public market | -19,900 | $1.090 | 12,580,100 |
But don't ask questions, read his profile:
Born in Montreal, Quebec, David Macdonald grew up in Ottawa, Ontario where he graduated from Carleton University in 1973 with a B.Comm. (Honours). He then graduated from Queen’s University in Kingston, Ontario in 1974 with his M.B.A. and qualified as a Chartered Accountant in 1976. He is affiliated with the Canadian Institute of Chartered Accountants and the Institute of Chartered Accountants of Ontario.
In his business career David became Supervisor, Corporate Tax, with Procter and Gamble from 1977 to 1978, Manager, Corporate Tax, with Warner Lambert Canada Ltd. from 1978 to 1982, Vice-President Corporate Finance, Royal Trustco Limited from 1982 to 1985, Vice-President and Director, F.H. Deacon Hodgson Inc. from 1985 to 1986, President of McCarthy Capital Corporation from 1986 to 1991 and Senior Vice-President and Director of Sanwa McCarthy Securities Limited, a brokerage, investment and banking firm located in Toronto, Ontario, from 1991 to 1995 and from the latter part of 1995 to 2003 was Vice Chairman – Corporate Finance at Brawley Cathers Limited where he specialized in restructuring, mergers and acquisitions and taxation. From 2003 to 2009 David was Senior Vice-President and Director of the Private Client Group at Blackmont Capital Inc. and as of March 1, 2009 is currently Vice-Chairman & Director of Burgeonvest-Bick Securities Limited.
David has been a teaching assistant for various University accounting and business law programs and has been guest speaker at numerous business functions and the Queen’s University School of Business Society. He has also been a Director of numerous public corporations – McCoy Corporation, Arcis Geophysical, Capilano Geophysical, Sangoma Technologies, Eurasia Gold Corporation, Second Wave Petroleum Inc. and currently Copper Fox Metals Inc. – as well as being Chairman and Governor of the Hamilton Tiger-Cats and past Vice-Chairman of the Canadian Football League on two occasions.