Augusta Gold (TSX: G) has recently seen huge insider buying. Last month on March 3-4, 2022, G's Executive Chairman Richard Warke added 30,000 G shares to his position with open market purchases at prices of $1.08-$1.13 per share. One year earlier on March 4, 2021, Richard Warke purchased 2,981,454 G shares in a private placement at $2.25 per share. Richard Warke now owns 21,719,788 G shares for a 30.53% stake in the company.
Between July 29, 2021, and October 5, 2021, Daniel Earle the CEO of Solaris Resources (TSX: SLS) and also a Director of G established an initial G position of 310,000 shares with open market purchases at prices of $1.25-$1.75 per share.
SLS is now a $1.4 billion+ company after Richard Warke took it public in mid-2020 at an IPO price of only $1.50 per share.
G is his latest brand-new company! This is G's ground-floor right now!
G's U.S. OTCQB symbol is AUGG.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 154,000 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.