Michael Gross updates Northern Gold’s Garrison Project
Al catches up with Michael Gross, Vice President of Exploration for Northern Gold Mining, at the Cambridge House World Resource Investment Conference in Vancouver, B.C. and gets an update on their Garrison Gold Project in northern Ontario, Canada.
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Hi cfs,
When I referred to “not decreasing in value I was referring to since I got involved and purchased stock. I was introduced to NGM in February and purchased shares toward the end of that month or early in March.
That is what I was referring to.
Appreciate your research.
Big Al
Insider trading, however, is very positive (In my opinion):
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Latest Filings
Issuer Activity
Insider Overview
Latest 10 SEDI filings (by filing date) for NGM.TO
As of 11:59pm ET June 7th, 2012
Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Unit
Price
May 16/12 May 11/12 Szustak, Eric Indirect Ownership Common Shares 10 – Acquisition in the public market 2,500 $0.240
May 2/12 May 1/12 Moeller, Eric M. Indirect Ownership Common Shares 10 – Acquisition in the public market 9,000 $0.239
May 1/12 May 1/12 Laxton, Heather Anne Direct Ownership Common Shares 10 – Acquisition in the public market 2,500 $0.215
May 1/12 May 2/11 Laxton, Heather Anne Direct Ownership Common Shares 00 – Opening Balance-Initial SEDI Report
May 1/12 Apr 30/12 Shefsky, Martin Direct Ownership Common Shares 10 – Acquisition in the public market 12,500 $0.210
Apr 27/12 Apr 27/12 Shefsky, Martin Direct Ownership Common Shares 10 – Acquisition in the public market 75,000 $0.210
Apr 26/12 Apr 25/12 Shefsky, Martin Direct Ownership Common Shares 10 – Acquisition in the public market 3,000 $0.200
Apr 26/12 Apr 25/12 Shefsky, Martin Direct Ownership Common Shares 10 – Acquisition in the public market 13,500 $0.195
Apr 25/12 Apr 24/12 Caland, Paul Indirect Ownership Common Shares 10 – Acquisition in the public market 50,000 $0.227
Apr 24/12 Apr 23/12 Caland, Paul Indirect Ownership Common Shares 10 – Acquisition in the public market 50,000 $0.219
Amazing what the difference in one word is…Acquisition versus Distribution. Thanks cfs for the update.
Not only Acquisition instead of disposition, but also five different insiders buying.
(Not big numbers of shares, perhaps, but unanimity of opinion (putting money where their mouth is) is significant. Plus no dilutions from giving out options.
That is one of the things that I like about these folks.
Big Al
Sorry for double posting above, Big Al….
My Ipad and your site don’t appreciate my big fingers double clicking I guess!
I just bought some at us$ .214
I think that I paid a couple of pennies more.
Big Al
Working around the Abitibi is supposed to be great. Doesn’t the government subsidize exploration to the tune of 30 or 40%?
To say Northern Gold has not decreased in value is slighly misleading.
NGM was about $c .6 a year ago and is now $c .215.
Also the exact data reported for inferred oz was mis-stated. Quote from report:
TORONTO, ONTARIO — (Marketwire) — 06/05/12 — NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) (“Northern Gold” or the “Company”) announced today that subsequent to its news release dated April 19th, 2012, it filed the supporting National Instrument 43-101 (“NI 43-101”) Technical Report on SEDAR (www.sedar.com) on June 1, 2012. This Technical Report was prepared for the Company by A.C.A. Howe International Limited. It includes an updated resource estimate, for its Garrcon Gold Deposit, one of two gold deposits at the advanced stage of exploration on the Company’s 100% owned Garrison Gold Property, located 100 km east of Timmins, Ontario.
NI 43-101 Garrcon Deposit Resource Update (0.3 g/tonne block cutoff grade)
— MEASURED 604,000 OZ, 17,640,000 TONNES at 1.06 G/TONNE
— INDICATED 668,000 OZ, 20,830,000 TONNES at 1.00 G/TONNE
— INFERRED 367,000 OZ, 15,780,000 TONNES at 0.72 G/TONNE