http://www.dailyreckoning.co.uk/article/310320063.html

http://renewableenergyaccess.com/rea/news/story?id=44498

Please see also the enclosed file.

Have a great night and sweet dreams !

Gilbert Leblanc

http://seattlepi.nwsource.com/opinion/264772_insided.html

Not all investors are equal !

G.L.

For the records.

http://finance.google.com/finance?q=ban.to&btnG=Search&hl=en

http://www.canadianinsiderblog.com/blog/_archives/2006/2/18/1770713.html

Have a great week.

G.L.

An other seller on KHD. May be it not changes the fundamentals but it is the second important insider that has reduced its position in recent week.

http://ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2006-03-28T175716Z_01_N28392070_RTRIDST_0_BUSINESS-UTILITIES-CANADIAN-HYDRO-COL.XML

Regards,

G.L.

http://www.canadianinsiderblog.com/blog/_archives/2005/10/2/1275464.html

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CA:KRY&sid=103345&time=

http://finance.google.com/finance?q=kry.to&btnG=Search&hl=en

Ciao,

G.L.

Mr. Foulkes is the perfect investors relation guy !

Keep the good work Mr. Foulkes.

G.L.

PTM shareholder,
 
Raymond James analyst Eric Zaunscherb has updated his coverage on Platinum Group Metals Ltd. following the significant resource update on our Western Bushveld JV announced March 2nd. He has increased his price target from $1.80 to $2.30, and increased his rating to the firm's top 'STRONG BUY 1' category.
 
>From the report:

"A large proportion of additional Merensky resources were identified from the shallow (0-300m deep) portions of the mineralized horizon. This has allowed ongoing pre-feasibility work to concentrate on early cash flow and less capital intensive decline (versus shaft) access. We believe that additional upside resides with potential synergies associated with Anglo Platinum's adjacent Styldrift project. Feasibility work at Styldrift is ongoing concurrently with work by Platinum Group. Given this timing, we speculate that a conceptual rationalization of the two projects may occur within 12 months."
 
The report can be downloaded from our website: http://www.platinumgroupmetals.net/RJ_PTM_032406.pdf or if you prefer we will be happy to email, fax, or mail you a copy. Please reply to this email with your preference in the subject line.
 
I encourage you to contact me to discuss this report,
 
Sincerely
 
John Foulkes
Manager, Corporate Development

One of the great winner of The Insider Edge High Tech Portfolio.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca:wed

Real values for All Canadians !

G.L.

Raphael Arthur Girard bought last March 15, 4,350 shares at $2.30 of Gabriel Resources.

Alan Richard Hill bought last March 17, 10,000 shares at $2.30

Ionnis Savros Roditis bought last March 15 10,000 shares at $US2.00.

Have a great week.

G.L.

Accumulation in recent weeks on this one.

John Andrew Hagg bought last March 20, 38,400 shares at $1.90.

Regards,

G.L.

A French feature on insider trades on Denison Mines.

http://www.bourseinvestir.com/article/denison-producteur-uranium-actions

Salutations,

G.L.

Canfor Corporation

Daniel Madlung bought last March 23, 19,000 shares at $14.25.

International Royalty Corporation

Still an accumulation on this one. Christopher Verbiski bought last March 13, 20,000 shares at $3.80.

Hillsborough Resources Limited

Still an accumulation from Hesperian Capital Management for two of its managed funds: 103,760 at $1.19 and 155,640 at $1.19.

MedcomSoft Inc.

In recent months, Peter Aldor has been active on this fallen star. So, on March 21, he bought 10,000 shares at $0.54 and 10,000 at $0.55.

A volatile active penny high tech stock.

Platinum Group Metals Limited

Michael Jones bought 5,000 shares of HLB at $1.78 last March 16.

Salutations,

G.L.

Notre ami Girard de La Presse peut-être favoriser Groupe Bikini Village en le comparant à d'autres titres spéculatifs du secteur minier, il n'en demeure pas moins qu'un initié a décidé de liquider sa position.

Donc, Jean-Guy Lambert (Dacha Capital) a vendu:

2006-03-13 (333 000) à 0,08 $
2006-03-14 (2 010 000) à 0,08 $
2006-03-15 (50 000) à 0,08 $
2006-03-17 (808 000) à  0,08 $
2006-03-20 (426 000) à 0,07 $
2006-03-21 (1 079 115) à 0,07 $

Salutations,

G.L.

p.s. Personnellement, entre un titre minier junior qui a des ressources et une chaîne de magasins dans la distribution de bikinis, toute valeur étant égale par ailleurs, je préfère le titre minier. Mais M. Girard, dans sa sélection sporadique du dimanche, préfère la pensée magique. Jamais de données fondamentales ou de recherches approfondies. Il préfère s'en tenir à des informations insignifiantes qui ne permettent pas à un lecteur d'apprécier une société. En fait, ce journaliste est un excellent contrarian sans le savoir.

Richard J. Renaud bought last March 17, 20,000 shares of Diagem at $0.08 per share.

Philip Renaud bought last March 15, 50,000 shares of Dia Bras at $0.43 per share.

Hope that Mr. Renaud (father) will have more success in Diagem than the one he has gotten so far with Pethealth.

Have a nice day !

G.L.

Ronald Joyce has been taking profit on Canadian Hydro in recent weeks:

2006-03-09 (19,300) at $5.73
2006-03-10 (80,100) at $5.72
2006-03-10 (63,900) at $5.71
2006-03-13 (70,300) at $5.70
2006-03-14 (13,000) at $5.70
2006-03-15 (100,000) at $5.65
2006-03-15 (54,500) at $5.70
2006-03-03 (11,000) at $5.67
2006-03-06 (84,700) at $5.72
2006-03-08 (19,900) at $5.70

Cet inité n'est pas à pleindre. Il a plus que doublé son investissement.

Have a great week !

G.L.

My last addition in the Insider Edge High Tech Portfolio has been favored by Pierre Lassonde in recent weeks.

So, between March 17 and 21, he bought 22,400 shares at $9.50.

Quelques pensées de ce brilliant financier:

http://www.321gold.com/editorials/bishop/bishop092105.html

http://www.polyscope.qc.ca/article.php3?id_article=495

Have a great day !

G.L.

http://www.newratings.com/analyst_news/article_1234901.html

KHD is in The Insider Power Edge Portfolio.

Have a great day !

G.L.

Dexit point of view:

http://www.newswire.ca/en/releases/archive/March2006/23/c5078.html

And now a user point of view:

http://www.itbusiness.ca/it/client/en/ComputerCanada/News.asp?id=38547

Regards,

G.L.

I lost money with this one.

http://thechronicleherald.ca/Business/491665.html

Regards,

G.L.

With the money received on Geac take-over, I had thought that Enghouse could be a nice addition to The Insider Edge High Tech Portfolio. Enghouse share has gained more than 30% since my January post (corrected from the initial post). Because in the past, I have witnessed so many stocks favored by insiders who had doubled, I still believe that ESL will be a nice addition to The Insider Edge High Tech Portfolio. So, tomorrow, we will buy 100 shares.

Welcome to all my new readers.

Have a great day !

Gilbert Leblanc

I don't know if Google Finance will be successful but today I receive a lot of traffics.

Thank to Zarlink.

Salutations,

G.L.

http://finance.google.com/finance?q=fe.to&hl=en

Regards,

G.L.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca:iex

First picked for my dad  at $0.80 (Remember insiders were buying at this price).

Then, IEX went to $0.40. I told myself that at this new level, IEX could not be a bad deal. After all, IEX share were trading at 50% of the price paid by insiders. I decided to picked a block of 50,000 shares for my dad. Then it went below $0.20.

Dad broker told us in December that may be we should take your lost on this one. No way ! I remembered what Buffet said. There is two rules to remember to be a successful investor. First, never lose money. The second. Never forget the first one.

Have a great week.

G.L.

Vendredi dernier, AMR a publié ses résultats pour l'exercice terminé le 31 décembre 2005. Ce que j'en pense. Bon, avec un potentiel de profit par action de US$0.20 next year, I will not be surprised to see AMR shares reach $3.00 in 2006.

The PSR is high (around 1.00) and AMR share is trading quite above its book value per share (around US$0.30 per share).

Donc, l'action de AMR est hautement spéculative mais la société génère d'excellents flux de trésorerie et a des brevets sur des matériaux indispensables à la fabrication de nombreux biens informatiques (iPod, Blackberry, etc.).

Salutations,

G.L.

Un petit nouveau.

Erich Ossowski a acquis le 15 mars dernier 3 000 actions de cette unité de fiducie à 7,80 $ par action.

http://www.creststreet.com/fund_WP-PowerIncome.php

http://biz.yahoo.com/cnw/060306/creststreet_q4_result.html?.v=1

Regards,

G.L.

Probably the same thing in Canada !

http://today.reuters.co.uk/Investing/FinanceArticle.aspx?type=stocksNews&storyID=2006-03-17T142107Z_01_NOA751595_RTRUKOC_0_BRITAIN-FINANCIAL-MARKET-ABUSE.xml

Regards,

G.L.

A small trade on Erdene Gold.

Peter Akerley bought last February 27, 1,000 shares at $1.07.

Still a positive trend on this one.

G.L.

Hesperian Capital Management is still accumulating HLB shares for their portfolios.

So on march 09, it bought 96,240 shares at $1.20 for Norrep Fund and 144,360 shares at the same price for Norrep II Fund.

Salutations,

G.L.

Some trades on Platinum Group Metals:

Michael Jones bought:

2006-03-07 20,000 at $1.59
2006-03-07 2,100 at $1.62
2006-03-07 18,000 at $1.59
2006-03-09 2,800 at $1.72
2006-03-09 1,400 at $1.71
2006-03-10 10,000 at $1.72
2006-03-13 15,000 at $1.68
2006-03-08 5,000 at $1.65
2006-03-09 5,000 at $1.72
2006-03-13 5,000 at $1.82

Iain David bought on March 07,  1,500 shares at $1.67

Still a positive trend on PTM.

Regards,

G.L.

A regular of this blog.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=NYMX&sid=45259&time=

G.L.

Le 25 février dernier, James Culver a acquis 25 300 actions de Dia Bras à 0,41 $ par action.

Last February 25, James Culver bought 25,300 Dia Bras shares at $0.41 per share.

Regards, Salutations,

G.L.

Marcel Côté is a wiseman, He was able to pick up some EGY shares near its low. So, on March 06, he bought 3,500 shares at $0.45 and on 07, it was 2,000 shares this time at $0.49.

Regards,

G.L.

A regular of this blog and an excellent vehicle (from my personal point of view) to invest in the resources sector.

Christopher Verbiski bought last March 06, 1,300 shares at $3.84 and 11,400 shares at $3.85.

Have a good day !

G.L. p.s. It is Google adsense who finances this blog.

2 material trades on this Québec biotech.

One of the problem in Canada it is that we can not know at the moment of an insider trade if the Corporation had loaned him money to finance his acquisition.

So on March 13, both Yves Grou and Benoît Lasalle bought 50,000 shares at $2.15.

Have a great day.

G.L.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca:dvt

Divestco is in The Insider Edge High Tech Portfolio.

With money received for Geac take-over, I will probably add some new names in future weeks.

Bon, je n'ai pas vu mon site (ce qui m'étonne peu) et il me semble que Bourseinvestir.com n'y était pas non plus. Donc, un petit peu de promotion pour ce dernier site.

http://www.bourseinvestir.com/

Après, on se demande pourquoi il y a si peu d'informations de nature financière en langue française.

Salutations,

G.L.

Following are some names that retain your attention in this week Autorité des marchés financiers Bulletin:

- BioMS Medical
- Boralex (again !)
- eNGENUITY Technologies Inc.
- Exploration Dia Bras inc.
- Global Railway Industries Ltd.
- Hillsborough Resources Limited
- International Royalty Corporation
- Platinum Group Metals Limited

I will post more information in future posts.

G.L.

New target from RBC Capital Markets.

http://www.platinumgroupmetals.net/PTM031606.pdf

Regards,

G.L.

http://www.socialfunds.com/news/release.cgi/5200.html

Regards,

G.L.

M. Girard constate avec un certain  bonheur que l'Autorité des marchés financiers est plus sévère  envers les initiés qui déclarent leurs transactions en retard.  Pourtant, la réglementation québécoise pourrait être grandement  améliorée en s'inspirant notamment des lois américaines sur  les valeurs mobilières. Rappelons que les principales dispositions de  ces lois remontent aux années 1930. Voici donc quelques pistes:

- Les  profits réalisés par un  initié sur une transaction sur un titre d'une société réalisée  durant une période de 6 mois de la date d'acquisition devraient  être remis à cette société. Cette mesure aurait pour  effet de réduire les transactions sur les petits titres juniors  où les investisseurs de demandent si certains initiés n'agissent  pas comme des mainteneurs de marché. De plus, elle permettrait  de réduire les profits rapidement réalisés sur des prises de  contrôle.
- Bien que cette pratique soit rarement utilisée  au Canada, il devrait être défendu à un initié de vendre les  titres de sa société à découvert.
- L'obligation aux initiés  d'indiquer les achats financés par des prêts de leurs sociétés  et que cette information soit connue des investisseurs. (Cette  pratique a été interdite aux États-Unis dans la foulée  des réformes introduites par la loi Sarbanes-Oxley.)
- L'interdiction  d'accorder des options d'achats d'actions aux membres qui siègent  sur les comités de vérification.

Finalement,  les autorités canadiennes des valeurs mobilières devraient d'interroger  sur les études académiques qui démontrent que les initiés canadiens  obtiennent des rendements beaucoup plus élevés que leurs confrères  américains. En fait, tout laisse croire que les initiés canadiens  transigent plus souvent qu'à leur tour sur des informations matérielles.  Mais pour contrer ce phénomène, cela exige plus d'efforts que  d'imposer des amendes à des initiés qui déposent en retard leurs transactions  !

Mes salutations,

G.L.

Une déclaration initiale sur ce titre de la part de Marc Guidon. An initial declaration from Marc Guidon on this one. I have witnessed some accumulation on iWeb during the last few weeks. J'ai noté une accumulation sur ce titre dans les dernières semaines. Un titre à surveiller.

So, Marc Guidon a acquis le 24 février, 13 000 actions à $0.291.

Regards,

G.L.

Une semaine tranquille. A quite week again.

Now, we know one of the seller on eNGENUITY Technologies Inc.

Le Fonds de solidarité FTQ sold last February 28, 300,000 shares at $0.50. (I will not be surprised to learn next week that they sold more shares.)

On the other hand, Patrice Commune bought on February 27, 3,000 shares at $0.78 (Poor guy. It costs him some money that he will not be able to put on his clothes...)

Marcel Côté bought some for his personal porfolio:

2006-03-02 15,000 at $0.506
2006-02-28 19,500 at $0.606
2006-03-01 18,500 at $0.506
2006-03-08 27,000 at $0.49

O.K. He didn't pick EGY shares at $0.40 but he did a good job to average down his EGY price cost.

Have a great week end.

G.L.

Those folks work hard to let their story be known.

PTM's President, R. Michael Jones, appeared on ROBtv's Business Morning with Jim O'Connell on March 9th, 2006 to provide an update on the Western Bushveld Joint Venture.

http://www.robtv.com/servlet/HTMLTemplate/!robVideo/robtv0726.20060309.00037000-00037637-clip2/h/220asf/true//

Regards,

G.L.

http://www.newswire.ca/en/releases/archive/March2006/09/c0663.html

Regards,

G.L.

http://www.theglobeandmail.com/servlet/story/LAC.20060308.RPDAC08/TPStory/?query=

Now, for the records.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca:ptm

Regards,

G.L.

Just gave a look at Envoy fundamentals. A good value play (as of December 31, 2005):

- Shares are trading at a deep discount from a conservative book value per share of $2.98.

- Envoy has near zero long term debt ($230,601 versus a shareholders' equity of $72,307,374).

- Envoy has a share issuer bid (bought during the fiscal year ended September 30, 2005, 2,447,417 shares).

All figures above are in Canadian dollars. (A precision for my many American readers. I would like to receive comments from my Pennsylvanian readers.) 

May explain why some insiders are positive (see SEDI extract).

Have a great day.

G.L.

http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=FT&Date=20060307&ID=5563576

Au Canada, dans les dernières semaines, j'ai constaté la même tendance. Heureusement, il y a toujours quelques sociétés pour lesquelles les initiés sont positifs.

Salutations,

G.L.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CA:CBFUN&sid=924577&time=

Engenuity executives should look at those Connors Bros. folks ! On ne peut pas dire que ces dirigeants ne sont pas naturels.

Regards,

G.L.

p.s. I'm working on a fundamental analysis on Envoy Communications. I should come back with it in the next few days.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca:zl

Have a great day !

I gave a look to Firan last financial statements last week.

Firan is trading at around $1.40. From a fundamental point of view, they are not cheap.

- Trading above a conservative book value per share of $0.60.

- At a PSR of 0.52.

On the other hand, a PSR below 1.00 in the high tech sector is not too bad.

Have a great week.

G.L.

Pot pourri

Axia NetMedia Corporation

Kent Jespersen bought last February 22, 6,300 shares at $2.55 per share.

Corporation Pharmaceutique Nymox

Walter Von Wartburg bought last February 22, 5,000 shares at US$1.94.

ORTHOsoft Inc.

Last March 01, George Hanna bought 20,000 shares at $0.35 per share.

Other names who retain my attention are:

- Clearwater Seafoods Income Fund

- Envoy Communications

- Vasogen Inc.

Have a great week.

G.L.

Bon, my blog est répertorié par ce site qui indexe plusieurs blogs reliés à la finance.

http://www.stockblogs.com/

Salutations,

G.L.

Bon, l'on sait maintenant où Bruce Mitchell a investi une partie de ces sommes sur ses ventes de Tiverton; Norwall Group. So, on February 24, he bought 60,100 shares at $1.60 and on the 28, it was 39,500 shares, this time at $1.43.

Have a great week !

G.L.

Bon, la semaine dernière, j'ai fait  une petite analyse fondamentale de cette société où je concluais qu'au cours actuel d'environ 4,00 $, l'action de IPL Inc. représentait une bonne valeur. Bon, un initié semble partager mon appréciation. Ainsi, Serge Bragdon par une transaction privée a mis le grappin sur 85 562 actions de cette société le 22 février dernier à un prix de 4,38 $ par action.

Salutations,

G.L.

Edward Kernaghan still continues his accumulation on Boralex.

So, on February 24, he bought 300 shares at $8.94, 1,800 shares at $8.90 and 115,800 shares at $8.95.

http://www.cbc.ca/cp/business/060301/b030110.html

Regards,

G.L.
 

A regular on this blog.

Christopher Verbiski bought on February 23, 25,000 shares at $3.84, 25,000 shares at $3.75 and 17,300 shares at $3.70.

Royal interest from this insider.

Some recent news:

http://www.resourceinvestor.com/pebble.asp?relid=17053

http://www.resourceinvestor.com/pebble.asp?relid=17415

Regards,

G.L.