They have been buying all the way from 70s, no way their average is 17.5 ... it's more about 30.5!
They are dumb .. they don't even know their own business. The have became CONTRARIAN indicators! They buy, you sell or short. They sell .. you buy.
remember that small institution wanting to replace some board members? Well, board members are buying some more shares...with a small amount of their salary...to shore up things on the board. The more shares they own, the safer that nice fat salary is. They do not want to be replaced.
Beats me ... There is no light at the end of the tunnel for that relatively small miner with so much debt. I can't think of anything outside a miracle that could turn this company around.
I am long the stock with my gambling money and I will not be surprised if it will not make it through the year.
Like when Molycorp insiders bought 8 million shares at $10 in August 2012 when it is $5.90 now?
Aug 21, 2012 SMITH MARK A.
50,000 Direct Purchase at $10 per share. 500,000
Aug 21, 2012 MOLIBDENOS Y METALES S.A.
Beneficial Owner (10% or more)
4,500,000 Direct Purchase at $10 per share. 45,000,000
Aug 21, 2012 BHAPPU ROSS R.
2,500,000 Indirect Purchase at $10 per share. 25,000,000
Aug 21, 2012 KARAYANNOPOULOS CONSTANTINE
10,000 Direct Purchase at $10 per share. 100,000
Aug 21, 2012 DOOLAN MICHAEL F.
25,000 Direct Purchase at $10 per share