From diddlysquatz - MICROCAP KITCHEN CANADIAN STOCKS
I just read through the Caracara Management Information Circular and noticed that the number of shares owned by insiders is higher than I thought. I didn't realize that Sheldon and Pinetree owned as much as they did.
Shares out - 50,921,168
As of November 2 2012
Robert Disbrow - 7,313,717 14.36%
Sheldon Inwentash - 8,806,347 17.29%
Pinetree Capital - 8,297,347 16.29%
Since Nov. 2 Robert Disbrow has purchased at least an additional 101,000 canadianinsider.com
Other owners include management - 1,218,388 - 2.39%
Coeur d'Alene Mines CDE (NYSE) owns 3.4% or about 1,734,000
Sprott funds apparently owns some too but I'm not sure the amount so I will not include them.
This all adds up to 27,470,799 or 53.95%
Consider that their Princesa project hosts 43-101 inferred resources 13 million oz. silver and 22 million eq silver oz.
With very high insider ownership, Robert Disbrow continuing to buy at current levels, a significant resource, $2 million in the bank and a market cap of only $3.06 this one looks like it might be worth some consideration. |
