In a July Canadianinsider.com blog post, Why gold and gold miners may win in a multi-nodal world, we suggested that miners may enjoy a re-rating of their gold resources as BRICS countries turn to gold to support their local currencies. We may be seeing signs of that already with some junior mining stocks moving to new highs. Galway Metals Inc. (GWM-X) is up more than 50 per cent since we highlighted it here on March 21. CEO Robert Hinchcliffe has subsequently bought another 622,000 shares at an estimated average price of 39 cents.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
