Insider Option Purchases
in response to
by
posted on
Oct 06, 2014 02:18PM
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%)
Re: And seeing all the insiders buying at 15 cents lately with their options, buying at 17 cents isn't too bad IMO
I agree. In addition, all these insiders purchased last year at 45 cents.
I think it is very positive that they are purchasing more when the current share price is at 17.5 cents. Their recent 500,000 share purchase at 14.5 cents is still $72,500 which is still a fair bit of money. That is, you don't simply throw away that amount of money.