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The site of the Ambatovy nickel mine in Madagascar.

Geoffrey York/The Globe and Mail

Will 2013 shine on Sherritt International shares? Investors appeared to be in a glum mood ahead of the firm's third quarter results, which were released on Oct. 31. However, since the report the stock has been on the upswing. Perhaps news that the company's Ambatovy joint-venture nickel mine remained on track helped to boost sentiment. Corporate insiders seem upbeat. On Nov. 2, board chair Ian Delaney bought 56,300 shares between $4.65 and $4.70. Two other directors also bought a total of 61,000 shares at the end of last month.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.



 

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