Mining investors have their eyes on Chile this weekend as the country votes on proposed constitutional changes that could negatively impact the industry. One company that could benefit once uncertainty is out of the way is Torq Resources Inc. TORQ-X, where exploration continues at its Margarita iron-oxide-copper-gold project in northern Chile. While Torq has been range-bound over the past year, it advanced 14 per cent in the three months that ended August 31. Meanwhile, a pair of insiders spent a combined $120,930 buying the dip in late July and early August.
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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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Ted Dixon