Had an excellent point raised this morning by one of our Junior mining analysts. although he does not cover oil & gas he does cover other junior spec plays.
This was his question to which I did not want to answer.
How much have insiders loaded up in the last 2 months while the price is at such a discount from a year ago?
ahhh, ummm, nobody.....
his response...why buy more if they're not?
without even knowing the play in question I was shown a handful of other spec plays were insiders were accumulating.
That says it all....still confident????????
FB