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Summary

  • 4 insiders purchased Aureus Mining stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • 3 of these 4 insiders increased their holdings by more than 10%.

Aureus Mining (OTC:ARSMF) explores and develops gold deposits in Liberia and Cameroon.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of Aureus Mining's insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedProspectusCurrent OwnershipIncrease In Shares
Luis da SilvaDirectorApril 2274,000Yes129,176 shares+134.1%
Jean-Guy MartinDirectorApril 2210,000Yes15,000 shares+200.0%
David NetherwayChairmanApril 2237,000Yes213,595 shares+21.0%
David ReadingCEOApril 2230,000Yes378,334 shares+8.6%

There have been 151,000 shares purchased by insiders during the last 30 days. All these shares were purchased pursuant to a brokered offering.

Insider buying by calendar month

Here is a table of Aureus Mining's insider activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
April 2014151,0000
March 2014060,000
February 201400
January 201400
December 20130341,900
November 201301,400,000
October 20132,683,0001,755,000
September 201302,900
August 2013055,000
July 2013829,0590
June 2013066,200
May 201300
April 2013494,795644,195
March 201300
February 201304,400
January 2013050,000

There have been 4,157,854 shares purchased, and there have been 4,379,595 shares sold by insiders since January 2013.

Financials

Aureus Mining reported the full-year 2013 financial results on March 6 with the following highlights:

Revenue$0
Net loss$7.4 million
Cash$39.4 million

On April 22, Aureus Mining closed a $15 million offering.

(click to enlarge)

(Source: Investor presentation)

Outlook

Aureus Mining expects pouring first gold in Q1 2015.

(click to enlarge)

(Source: Investor presentation)

Competition

Aureus Mining's competitors include Banro (NYSEMKT:BAA), and Golden Star Resources (NYSEMKT:GSS). Here is a table comparing these companies.

CompanyARSMFBAAGSS
Market Cap:111.18M116.14M156.37M
Employees:N/A1,358N/A
Qtrly Rev Growth (yoy):N/A-0.20-0.36
Revenue:N/A111.81M467.80M
Gross Margin:N/A0.290.07
EBITDA:-5.81M32.59M-291.89M
Operating Margin:N/A0.06-0.57
Net Income:-7.42M1.63M-265.89M
EPS:-0.030.01-1.03
P/E:N/A65.81N/A
PEG (5 yr expected):N/AN/A-6.08
P/S:N/A1.080.34
P/B:0.700.252.21

Aureus Mining doesn't have any revenues yet.

Here is a table of these competitors' insider activities this year.

CompanyInsider buying / sharesInsider selling / shares
BAA2,892,05021,500
GSS00

Only Aureus Mining has seen intensive insider buying during the last 30 days.

Conclusion

There have been four different insiders buying Aureus Mining, and there have not been any insiders selling Aureus Mining during the last 30 days. Three of these four insiders increased their holdings by more than 10%.

(click to enlarge)

(Source: Investor presentation)

The four insiders purchased their shares at $0.45 (£0.27). I believe Aureus Mining could be a good pick below $0.45 based on the intensive insider buying.

(click to enlarge)

(Source: Investor presentation)

Disclosure: I am long ARSMF, BAA, GSS. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Source: Aureus Mining: 4 Different Insiders Have Purchased Shares This Month