Okay, as of this moment in time, they only bought 700K+ shares, not that much. These people knows something that we don't know. Is it possible that there is some surface grasp sample test that they have from whatever geo. firm is doing it, and yet we don't have it?
'cause I have seen this kind of things happens in the past with at least 2 other mining companies at their earlier stages. Eventually, it became public info., but for now, even a few days or a few hours difference, could mean a $1 difference in the stock price. That's why they called it "inside trading". Because if they don't know anything, or if they are not positive on the deposit, why bother buy that much?
But then again, the initial test way back over at least a year (may be two or more) ago has shown something like 8 million ounces in whatever that belt is. That was when Barrick bought ARP at 40% ownership.
Shortly after, the Bre-X effect kicks in, and doesn't matter if you have 100 million ounces, noone will bother. And the thing has died down since then. |
