AllPennyStocks.com Pay Attention to Insider Buying; Director Snapping Up Shares of ...

Pay Attention to Insider Buying; Director Snapping Up Shares of This Junior Miner Ahead of Drill Program

Pay Attention to Insider Buying; Director Snapping Up Shares of This Junior Miner Ahead of Drill Program By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, May 3, 2022

There are libraries of articles on the relevance of insider buying and selling and websites dedicated exclusively to tracking activity of executives and directors to try and glean any type of trading edge. AllPennyStocks.com Pro has a regularly featured article on this topic as well. Sometimes an investor’s buy or sell means nothing, but other times it can indicate an excellent point to build a position in a company. When it comes ahead of milestones, it can be particularly relevant as a sign of optimism about things to come.

For junior explorers, excitement can ramp up when the drill bit starts turning, as companies look to prove the wealth of valuable metals in their ground. For King Global Ventures Inc. (TSX-Venture: KING) (OTC: KGLDF), nowhere is the optimism more evident than in regulatory filings showing insider buying activity as the company initiates its maiden drilling program on its properties in Newfoundland, Canada.

King holds 100% interest in four highly prospective and previously explored gold exploration projects in the Gander Gold Belt Region, an area that has become a hotbed of activity the last couple years for its mind-blowing potential. Famed resource investor Eric Sprott, who made billions of dollars with an early bet on Kirkland Lake Gold, has poured some $200 million into the region on the notion it could ultimately prove to be the biggest gold discovery in Canada and perhaps the world. Based on his track record, doubting his intuition could prove to be a fool’s task.

Sprott holds a significant number of King’s common stock, giving him exposure to the company’s portfolio of 4,144 hectares of property in the Gander Gold Belt Region. The projects, dubbed Golden Nugget, Miss Pickle, Gold Boulder, and Chapel Island, all have a history of exploration, including as recently as the mid-2000s, providing a strong foundation to build upon in addition to work at adjacent projects that have demonstrating strong gold showings.

Sprott is not alone as “smart money” investing in King. Nicholas Watters, and Independent Director on King’s Board of Directors, recently put his own money on the line too. Per filings dated April 22, 2022, Watters, who has co-founded successful mining enterprises and runs his own private investment vehicle, Talisman Venture Partners, acquired 500,000 shares of KING in the public market at 4.5 cents per share. Watters now holds about 1.1 million shares of KING.

What’s particularly interesting is that KING stock hasn’t closed over 4.5 cents since February, which speaks volumes as to where Watters apparently thinks the stock is heading. Investors may want to keep their eyes on SEDI for any additional insider buying action.

On April 26, King provided investors an update on its upcoming exploration work that will initially focus on its Golden Nugget and Miss Pickle properties. The Toronto-based company has engaged a diamond drill contractor and is now waiting for regulator’s approval of application and issue a permit to commence drilling. The Phase 1 drilling will test a total of 11 prospective targets in what are called the New World Island and Coaker Gold Trends at the projects.

The targets were selected using prospecting work by King and Rubicon Minerals that identified trends with several gold showings at surface and anomalous gold values previously confirmed associated with quartz veins and associated alteration. “We are very excited about commencing our maiden drilling program and moving King forward after a significant ground exploration program,” said Robert Dzisiak, Chief Executive Officer of King, in a statement.

Other value-add work at the projects includes the completion of a Multi-Parameter Airborne Geophysics Survey, better known as an M-PASS, on Golden Nugget and Miss Pickle. The M-PASS, being conducted by GoldSpot Discoveries (TSX-Venture: SPOT) (OTCQX: SPOFF), is nearly complete, but got held up by adverse weather conditions.

GoldSpot is a leader in the space, using a combination of technologies (triaxial magnetic gradient magnetic/VLF platform, 2048-channel radiometric sensor, high-precision LiDAR sensor, and high-resolution cameras) in a single helicopter to generate multi-parameter data. The aggregated data is then used with GoldSpot’s Artificial Intelligence data analysis technology to better identify future ground exploration and drill targets.

Who knows; that future drilling just may be the next catalyst for insider’s adding to their positions.

--

King Global Ventures Inc. (TSX-Venture: KING) (OTC: KGLDF) Full Corporate Write-Up: Click Here.

--

About AllPennyStocks.com:

AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.

As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.


Copyright © 2022 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

AllPennyStocks.com has been compensated nineteen thousand dollars by the company. AllPennyStocks.com has been previously compensated six thousand five hundred dollars by a third-party, Frontier Consulting LLC. for its efforts in presenting the KING profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: https://www.allpennystocks.com/spotlight/1082/famed-billionaire-investor-invested-1-million-in-this-004-junior-miner

Other Penny Stock Movers

Securing Full Ownership Of Copper-Gold Project Could Prove To Be A Bullish Catalyst For This Miner
Shares Of Water Bottler Moving Higher On Merger Agreement
Shares Of This Micro Cap Rally On IP Expansion News
Most Popular


Back to Top