PT's contract allows for him to sell 2 million shares a quarter. He does sell on a regular basis. It's his right. He may well be rolling some of those funds back into the company to pay expenses...which aren't that much, allegedly, since Mar Mar is supposed to bearing most of the mining costs.
Only problem is that PT isn't reporting these Form 4 sales on a timely basis. Seems a minor issue, as the SEC seems to not notice or care.
The weak stock is understandable, in light of the continuing delays in reporting gold production and ramp up of the volume of material being processed. Regardless of what is hoped for, as there has been no feasibility study, future gold grades are not known, nor is the first pour ounce total yet known. Will the appx 400 ounces be the hoped for result? Perhaps, Longs do hope so.
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