Trades and observations from a British contrarian stock investor

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Wednesday, January 12, 2011

Angel Mining CFO awarded 10 million shares at 5.8p

Angel Mining (ANGM) have announced late in the day today that their CFO Kevin McNair has been 10 million shares in the company's incentive share plan at 5.89p. Hell of an incentive to move the share price above 6p! A lot of buys late in day so hopefully back to a blue day tomorrow after the slippages this week back from the 7p level. Disappointing that the BBC Greenland documentary had no positive impact, despite show casing the company's Black Angel mine.

With Angel Mining gold production underway at Nanulaq this remains a very strong buy in my opinion.You get a gold mine producing $32 million in sales this year plus a potential $1.5 billion zinc/lead mine at Black Angel thrown in for free.

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