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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies
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To: PuddleGlum who wrote (279)1/6/2000 9:05:00 AM
From: Robert T. Quasius  Read Replies (2) of 318
 
Insiders have been buying again at AXAS. Robert Watson, President and CEO, bought 10,000 shares at $1.00, Franklin Burke, director, bought 155,000 shares at $0.718 - $0.875, and Robert Carington, Exec. VP, bought 10,000 shares at $1.00.

Insiders have been heavy buyers throughout the down cycle, though not much since Q1 of 1999. I think AXAS's recent debt restructuring plus improved cash flow from higher commodity prices has improved the outlook for AXAS substantially.
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