http://money.aol.com/investing/hilaryonstocks/canvas/_a/an-insider-scoop-on-insider-buying/20060712162209990001

An Insider Scoop on Insider Buying

By Hilary Kramer
AOL Financial Editor,
Insider Stock Buys

There are many reasons senior company executives and board members sell their company stock. Maybe they smell a sinking ship, need extra money to pay off their third vacation home or are simply readjusting their portfolio. The most common reason given is that they must sell stock for estate planning purposes. The bottom line is that it is hard to make investment decisions based on their sell decisions.

However, when insiders at a company start buying very large amounts of their company stock, it means only one thing: They think the stock price is undervalued, the company is misunderstood or overlooked and they believe that shares will rise in the future. Of course, they could be overly optimistic. But in general, these are savvy executives. They don’t open their wallets unless they think that one buck spent will yield at least two back.

I keep my eye on the insider buying going on at a company. I find it a useful investment tool. Where the big guns are putting their dollars is often where I will put mine -- if I can get shares near the same price that they paid for theirs.

Individual investors who are interested in following the buying (and selling) habits of the top officers and directors within companies have a number of resources available. You can access information on insider buying by checking the SEC website (www.sec.gov) and reviewing the "Form 4" filings which must be submitted for each inside purchase. There are many financial research companies that specialize in providing analysis of insider buying and selling, but their services are often high priced. As an alternative, you can read about insider buying trends and learn the views of top experts such as Anthony Marchese, a general partner of Insiders Trend Fund L.P, in financial publications like Barron’s or BusinessWeek.

You might argue that sometimes insiders buy company stock to give the impression of confidence in their company and thereby drive up the price. No question, this does happen and it is easy to be tricked. Usually in that scenario, the officers and directors collectively snap up smaller amounts of shares. But if you see insiders that are willing to put hundreds of thousands and even millions of additional dollars on the line (after all, most of them already receive stock as part of their compensation), then you can safely see insider buying as a green flag of opportunity. I contend that 95% of the time, significant insider buying is an indication that the stock is trading at a discount.

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Grenville Gold's Management are very large shareholders of the company and they continue to BUY:

President BUYS $23960 of stock -filing date 01-24

Chairman BUYS $20090 of stock -filing date 01-24

Currently:

- Chairman Len de Melt owns 4,053,613 shares, 638,887 options and 240,000 warrants
($1,558,391.49 spent on common shares at an average cost of $0.384/share).

- President and CEO Paul Gill owns 1,776,000 shares and 825,000 options
($930,445 spent on common shares at an average cost of $0.524/share).

Combined they spent $2,488,836.40 for 5,829,613 shares (at an average cost of $0.427/share)!

On a fully diluted basis Paul Gill and Len de Melt own 7,533,500 shares or 20.2% of the company (37,209,476 shares - as of January 14, 2008).

Disclaimer: I tabulated the data myself from sedi.ca

At the root of this significant Insider Buying is most probably Silveria, an Awakening Giant. Grenville Gold’s (TSX-V, GVG) Silveria mining project unites for the first time four past-producing mines (silver, gold, copper-lead-zinc was produced): Pacococha, Millotingo, Silveria and Germania. On or before November 30, 2008, Grenville will very likely own 50% of Silveria and maintain this percentage ownership while Journey Resources (Joint Venture partner) would own the other half.

The following is content in relation to the Silveria Project:

Paul Gill: "We have gone from an inactive diamond explorer in Canada to
being at the leading edge of one of the biggest stories in Peru on
silver in the last 10 or 20 years. These particular mines are already
identified, the Pacococha and Millotingo mines as the highest grade and
the richest mines in Peru's history in regards to their production of
silver."

The Opportunity Show - Troy Duran - November 6, 2007

Journey’s President and CEO, Jack Bal, who described the project with superlatives, "Silveria, I believe, is one of the biggest silver deposits in Peru," he said. "It’s the closest to production. It’s permitted. And we have a stockpile of ore. We’ve also secured a mill, which should be ready by October of 2008."

Diversified Journey Resources Seeks Near Term Production - Doug Hadfield - January 23, 2008

I_Luv_GVG