Re: Insider Trading

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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paschiliko

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Re: Insider Trading

in response to

Re: Insider Trading

BigD70

posted on Jun 02, 2011 12:26PM

It was just granting options.

Currently they didn't buy any shares or spent any money by buying options.

Granting options means that there is a possibility to buy shares at .75 cent. It doesn't matter at what price the shares are traded but doesn't make sense to exercise options below break even.

Once again, they didn't buy anything except the opportunity to buy shares at .75 cent.

Did the grant options because of the confidence in fnc or was it just to make shareholders more confident. who knows. time will tell..