Wednesday, January 18, 2012

Lynden Chairman buys shares

Richard Andrews, Lynden Energy Corp.'s Chairman of the Board, purchased 401,000 shares in the market yesterday.  It would appear that if the recent trading were based upon a news leak, then he wouldn't have made such a large purchase.  This lends further evidence that the selling started with National Bank liquidating a large part of their position too quickly possibly leading to panic selling by others.  Time will tell but if that's the case, those that have picked up shares in the last few days will be rewarded.

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