Minera IRL Forum

All 162,000 shares bought on TSX today appears to have been bought by insiders.

Insider buying on TSX again today.

avg here at 9p will add more when finance is agreed or sp is 2p or less

how much money do mirl need to finance ollachea? over $200 million and rights issue would help make that happen and that means sp dilution

Canaccord buyer on TSX yesterday. Canaccord is an insider. You can see it as #33 on stockhouse to verify.

I don't think we'll get to 80p until both production in Ollachea and Ollachea resource is expanded. But in upcoming months as construction in Ollachea is ongoing, my forecast is at least 30p. I'm buying today (on the TSX).

EssexMatt - If you're looking for logic, there wasn't any. There was one main seller and I checked and they're not an insider. Others joined in including some momentum shorters. No valid reasons though - just traders doing their thing. Financing in less than a month now. Buy low, sell high.

There won't be a full placing. Where did that idea come from? Call management - they're not even considering that option.

I just meant that even one panicked investor is enough to bring the share price as we've seen over the last couple days, and there are lots of investors panicking right now in the general market. As for placing, I really, really, really don't think so. It's so hard to buy low, but that's the way big money is made.

I called the company and things remain on same schedule. They still have permitting - no issues there. This is just broad selling. Not enough liquidity here so if even one individual wants to sell, it can really bring the price down. I bought today.