Friday, September 9, 2011

Money where mouth is, Silvercorp (SVM) ( edition

Further to the post on Silvercorp (SVM) yesterday, no less than seven of you mailed in with this information so it's only right to make note of it on the blergh, too:

Silvercorp Metals Inc. (SVM)

As of September 8th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 07/11 Sep 06/11 Feng, Rui Direct Ownership Common Shares without par value 10 - Acquisition in the public market 100,000 $7.870 USD

Yep, SVM head honcho Rui Feng put serious money where is mouth was during the short attack thingy this time last week and bought himself 100,000 shares of his own company on the open market, paying $787,000 (ex-comms) for the privilege. And a good move it was too, what with those shares now worth CAD$847,000 at the time of writing this post.

A key company officer who puts their money where their mouth is. Applause for Feng and a headsup to the guys over at MAG Silver...that's how you win friends and influence people, dudes.