Tuesday, March 17, 2009

Good news for Dynasty Metals (DMM.to) holders

Yale Simpson is selling again.

Back in October, our pal Yale (director at DMM.to as well as the driving force behind Exeter Resources (XRC.v)) sold 18,000 of his DMM.to shares at an average of $2.84.

Then Mr. Simpson, owner of the rather long and convoluted nickname of "honestly-one-gram-per-tonne-sulphide-mineral-buried-half-a-kilometre-underground-at-thirteen-thousand-feet-above-sea-level-is-economic", sold another batch of 10,000 DMM.to at an average of $4.31 in late January early February.

So today we note that Yale has just unloaded another batch of 10,000 shares (and also activated 50,000 of his 1.8m options).

Mar 16/09 Mar 12/09 Simpson, Yale Ronald Direct Ownership Common Shares 10 - Disposition in the public market -2,100 $5.260
Mar 16/09 Mar 11/09 Simpson, Yale Ronald Direct Ownership Common Shares 10 - Disposition in the public market -5,800 $5.100
Mar 16/09 Mar 11/09 Simpson, Yale Ronald Direct Ownership Common Shares 10 - Disposition in the public market -2,100 $5.050
Mar 16/09 Mar 12/09 Simpson, Yale Ronald Direct Ownership Common Shares 51 - Exercise of options 50,000 $0.750
Mar 16/09 Mar 12/09 Simpson, Yale Ronald Direct Ownership Options 51 - Exercise of options -50,000 $0.750

By the looks of things, this augers well for another sharp rise in DMM.to shares in the near future. Thanks for the tip, Yale!