Nice to see the CEO make a $1MM bet on the company. Perhaps it is time for me to top up my holdings as well...
(from Globe & Mail)
Niko Resources Ltd. stock was already under pressure last month when news of its Bangladeshi bribery case broke. The foreign corruption issue helped to send the stock to new lows for the year. However, the share price found some insider support around the $60 level. On June 30, chief executive officer Edward Sampson bought 16,300 shares in the public market between the prices of $60.66 and $61.06. In addition, director Conrad Kathol bought 1,000 shares at $59.95.