Newsletter from NIA:
"Winston Gold Mining (WGMCF) appears ready to breakout big and NIA believes major gains are coming in the days and weeks ahead! On Monday, it was announced that WGMCF successfully raised USD$1.78 million in a private placement at USD$0.297 per share - less than 1 penny below WGMCF's current share price of USD$0.303 per share!
Demand was very strong - 75 investors participated in the private placement! When gold/silver miners announce the completion of a major private placement, they almost always explode to significantly above the price of the transaction, especially when the private placement investors have agreed to a long holding period! Considering that the WGMCF private placement investors will be unable to sell a single share until March 19, 2017 - WGMCF should see smooth sailing to the upside for the next four straight months!
Last night, NIA reviewed the entire list of investors who participated in the WGMCF private placement. Unbelievably, the #1 largest buyer of WGMCF shares at these dirt-cheap prices was Harold (Mike) Gunsinger, the company's director of mining operations! To put this into perspective, total U.S. marketwide insider buying for the month of October 2016 was at its lowest level in well over five years! Although corporate executives continue to enthusiastically repurchase their own stock using shareholder capital, they consider it to be crazy to consider investing with their own personal capital!
In today's environment, in the extremely rare event that actual insider buying is taking place in a stock - it is certainly worth paying immediate attention to figure out why! Throughout his long career in the precious metals mining industry, Gunsinger has built the world's #1 best track record for discovering high-grade gold projects that can be brought into profitable production very quickly and cost-effectively! Gunsinger alongside WGMCF's CEO Murray Nye took their last company RX Silver & Gold from a market cap of $1.5 million to a market cap of $80 million - where it got acquired by U.S. Silver Corporation!
For WGMCF to reach a very conservative market cap of $80 million like RX Silver & Gold - WGMCF will need to rise to $1 per share!"
