Friday, January 29, 2010

Nadagold (NG): Rick! is as Rick! does


It didn't take long for the leopard to show his spots. Here's how Rick! Van Alphabet thinks a CEO should act, keeping down expenses and showing a lead to his troops and all robbing his shareholders blind again.

NovaGold Resources Inc. (NG)

As of January 28th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jan 28/10 Jan 21/10 Van Nieuwenhuyse, Rick Direct Ownership Options 50 - Grant of options 231,250 $6.400

That's $1.48m added to the costs of Nadagold (NG) this quarter, to please the greed of its top man. Fulp's phrase about 'mining the stock market' springs to mind. Another one is "Shareholders: If they can't take a joke f*** 'em."

h/t fulp