Back with another one of our occasional looks at insider trades, with two today worthy of comment. Firstly, we note that Eike Batista is buying small ($1.5m or so is small for him) lumps of Ventana Gold (VEN.to) and topping up his large position on the open market:
Ventana Gold Corp. (VEN) | As of April 8th, 2010 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| Apr 08/10 | Apr 05/10 | 63X Master Fund | Direct Ownership | Common Shares |  10 - Acquisition in the public market | 75,200 | $10.208 |
| Apr 08/10 | Apr 01/10 | 63X Master Fund | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 79,000 | $9.676 |
That smacks of confidence.
On the flipside, what are the people running Baja Mining (BAJ.to) trying to tell us?
Baja Mining Corp. (BAJ) | As of April 8th, 2010 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| Apr 08/10 | Apr 07/10 | Thody, Graham Campbell | Direct Ownership | Common Shares | 10 - Disposition in the public market | -10,000 | $0.830 |
| Apr 08/10 | Apr 07/10 | Low, Kendra Leigh | Direct Ownership | Common Shares | 10 - Disposition in the public market | -80,000 | $0.800 |
| Apr 08/10 | Apr 07/10 | Low, Kendra Leigh | Direct Ownership | Common Shares | 51 - Exercise of options | 80,000 | $0.350 |
| Apr 08/10 | Apr 07/10 | Low, Kendra Leigh | Direct Ownership | Options | 51 - Exercise of options | -80,000 | |
| Mar 25/10 | Mar 24/10 | Glanville, Ross Owen | Direct Ownership | Common Shares | 10 - Disposition in the public market | -120,000 | $0.750 |
| Mar 25/10 | Mar 24/10 | Glanville, Ross Owen | Direct Ownership | Common Shares | 51 - Exercise of options | 210,000 | $0.350 |
| Mar 25/10 | Mar 24/10 | Glanville, Ross Owen | Direct Ownership | Options | 51 - Exercise of options | -210,000 | $0.350 |
Not one but three insiders are telling us that selling BAJ.to at the levels seen in the last few days is a good idea. Do you see a red flag here too, or are you daltonian?
DYODD, dude.