Meant to post this yesterday but didnt end up having the time so ill make this a quick update. Billionaire investor Ernesto buys over 1.6mil of CUU stock between 1.45 and 1.60 thus putting a SOLID floor on the stock (see chart below). I dont think we will see 1.50 ever again to be honest. CUU quickly rebounded to 1.80 and continues to slowly rise as i type this. I expect to see 2.00 again sometime in the very near future.
Copper Fox Metals Inc. (CUU) | | As of July 18th, 2011 | |
| | | | | | |
Filing Date | Transaction Date | Insider Name | Nature of transaction | # or value acquired or disposed of | Unit Price | |
Jul 18/11 | Jul 18/11 | Echavarria, Ernesto | 10 - Acquisition in the public market | 352,300 | $1.46 | $515,767.20 |
Jul 15/11 | Jul 15/11 | Echavarria, Ernesto | 10 - Acquisition in the public market | 724,600 | $1.56 | $1,130,376.00 |
Jul 15/11 | Jul 14/11 | Echavarria, Ernesto | 10 - Acquisition in the public market | 20,000 | $1.60 | $32,000.00 |
| | | | | | $1,678,143.20 |
We had a lot of panic sellers unloading CUU as it tanked from 2.00 to 1.50.. Ive been monitoring the insider buying very closely and as always Mr.MacDonald is still loading the boat. CUU is not a sell, CUU is a BUY. As long as insiders keep loading up like this you can be assured the bottom is in and the floor will continue to rise.
Mr. Macdonald has also had been loading up on cheap shares adding to the excitement. His last 10 purchases:
Filing Date | Transaction Date | Insider Name | # or value acquired or disposed of | Unit Price | $$$$$$$ |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 20,000 | $1.57 | $31,400.00 |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 15,000 | $1.54 | $23,100.00 |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 5,000 | $1.52 | $7,600.00 |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 5,000 | $1.51 | $7,550.00 |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 10,000 | $1.50 | $15,000.00 |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 25,000 | $1.49 | $37,250.00 |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 10,000 | $1.46 | $14,600.00 |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 3,000 | $1.50 | $4,500.00 |
Jul 19/11 | Jul 18/11 | Macdonald, David Morris | 5,000 | $1.49 | $7,450.00 |
Jul 19/11 | Jul 15/11 | Macdonald, David Morris | 7,000 | $1.59 | $11,130.00 |
| | | | | $159,580.00 |
Fear not my friends CUU is still a prime time stock and will indeed be much higher come the end of this year.. Buyout on its way? wouldnt surprise me one bit to see a buyout by Q4 or Q1 - Q2 2012.