Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: Some insider selling

http://www.tmxmoney.com/TMX/HttpController?GetPage=SearchInsiderTrade&Language=en&Submit=Submit&QuerySymbol=cuu&x=14&y=12

Don't see it as a bad thing. They all exercised their options. A guy like Shane Uren for example, had to exercise 400,000 options = $180,000.

They're not all rich like Ernesto.

Also a tax thing related to exercising options. They're taxed on exercised options regardless if the options are sold or not.

''Beginning in 2011, employers will be required to withhold and remit tax on the stock option benefit at that time. What this will mean for most stock option recipients and the companies they work for is that at least a portion of the shares will need to be sold at exercise to pay the tax.''

Share
New Message
Please login to post a reply