Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

New investors should take the time to read the PR's from the company's website. They PR's go back to 2004. Even though management has changed it appears history continues to repeat itself for this company. PP, followed by drill program, followed by R/S... Not saying this cycle will continue, but growing more weary of it now than I was last year.

It's well beyond time for them to find big investors to come in and buy on the open market. Also, no insider purchases at these prices? Maybe TSX rules on percentage of shares the insiders can own inhibiting them from buying? If no such rule applies then it doesn't bode well for shareholder confidence that they aren't buying at current prices.