SNX 0.00% 3.8¢ sierra nevada gold inc.

md buys 290,000 shares on market, page-12

  1. 2,309 Posts.
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    as far as i remember the MD recently bought at around 88c. to suggest that a buyback would result in a quick profit of 50 - 100% suggests a buyback price of the 135 - 175 range which a bit ambitous at this stage. but if u did believe it would occur around these levels then to suggest that this wouldn't be a motive for the MD buying is a bit strange, a return of that magnitude in a short period of time should be a reason for anyone on this planet to want to buy. and he did after all put his buying shoes on soon after he found out rivkin was getting near 5% of the company himself. i think a buyback is a major motive for his purchase, otherwise he would have done his buying before rivkin started his agenda.
 
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Buyers (Bids)

No. Vol. Price($)
2 24431 3.8¢
 

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Price($) Vol. No.
4.1¢ 75000 1
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