Re: Insider Buying
in response to
by
posted on
Sep 06, 2012 01:17AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
In addition to the directors, an insider is anyone listed as owning more than 10% of the voting shares.
When you consider who owns the controlling interest of this company and the crosses that went through today, Goodman was involved. GCIC owns 39 million shares so they were the buyer. From one non ag account to another. Most likely the syndicate shorted the whole FT and George has arms length history with Goodman.
This doesn't pass the smell test.
Top 10 Stocks By Net Buys Volume | ||||
SGR | San Gold Corporation | 1,500,000 | 0 | 1,500,000 |
Trades for C:SGR on 20120905 for broker #74 - 9 trades displayed |
Time ET | Ex | Price | Change | Volume | Buyer | Seller | Markers |
14:15:21 | T | 0.75 | 250,000 | 74 GMP | 74 GMP | K | |
14:08:09 | T | 0.75 | 1,000,000 | 74 GMP | 74 GMP | K | |
10:21:03 | T | 0.75 | 431,500 | 74 GMP | 74 GMP | K | |
09:46:59 | T | 0.75 | 247,500 | 74 GMP | 74 GMP | K | |
09:30:00 | T | 0.75 | 500 | 74 GMP | 1 Anonymous | K | |
09:30:00 | T | 0.75 | 2,000 | 74 GMP | 1 Anonymous | K |
Take your pick. I wonder if the black out dates apply to these guys? If they do, then nothing material will happen until Ned's proxies have finished shuffling the deck.
GCIC LTD (FORMERLY GOODMAN & CO) ^^^ | 39,200,000 | 1.27 % | 20120229 | 13,124,332 | |
DYNAMIC PRECIOUS METALS FUND ^^ | 23,300,000 | 0.75 % | 20111231 | 100,000 |
CMP 2011 RESOURCE LP | 3,400,000 | 0.11 % | 20111231 | 0 |
SCOTIA RESOURCE FUND | 2,200,000 | 0.07 % | 20111231 | 1,200,000 |
DYNAMIC GOLD & PRECIOUS METALS FUND | 1,100,000 | 0.04 % | 20120331 | 0 |
CANADA DOMINION RESOURCES 2011 LP | 600,000 | 0.02 % | 20111231 | new |
Doesn't include euro funds
http://funds.dfinvestments.eu/servlet/Page/document/support/dynamic/dynamic_funds/fund/?template=euro&id=68899&wrap=euro&lang=EN&universe=DYNEUROPE_FUNDS
San Gold is the worst performer in the PM Fund which doesn't say much because performance is awful but the chart looks like it's just hit a wave 4 bottom
http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=17644&cid=Dynamic%20Funds