RICK!
First Greg Johnson, the NG investor relations VP since the year dot and longtime buddy of RICK! who goes back with him to the Placer days, makes a sudden decision to leave NG (and then weirdly join up with a going-nowhere-fast silver thing in Bolivia). Now the Nadagold CFO suddenly ups sticks and runs away from the new Soros/Paulson/Kaplan vehicle.
VANCOUVER, April 1 /CNW/ - NovaGold Resources Inc. ("NovaGold" or the "Company") (AMEX, TSX: NG - News News) announced today that Robert J. (Don) MacDonald, Senior Vice President and Chief Financial Officer, will be leaving NovaGold effective immediately. Mr. MacDonald joined NovaGold in 2003 and has served as the chief financial officer of the Company since such time. Mr. MacDonald has agreed to provide consulting services to the Company for the next six months to assist with transitional matters. "I would like to thank Don for his significant contributions to the Company", said Rick Van Nieuwenhuyse, President and Chief Executive Officer of NovaGold, "His efforts and dedication have been important factors in NovaGold's development". Elaine Sanders, Vice President Finance, will act as interim Chief Financial Officer while the Company conducts a search for Mr. MacDonald's replacement.
And we note in passing that the announcement is made later into the evening of Maundy Thursday, with fund mgrs around the world already travelling to their second homes on the coasts for long weekends. We also note that MacDonald decided it was a great idea to sell Nadagold stock in the last week or so:
| Apr 01/10 | Mar 29/10 | MacDonald, Robert John | Direct Ownership | Common Shares | 10 - Disposition in the public market | -5,000 | $7.500 |
| Apr 01/10 | Mar 23/10 | MacDonald, Robert John | Direct Ownership | Common Shares | 10 - Disposition in the public market | -5,000 | $7.900 |
| Apr 01/10 | Mar 22/10 | MacDonald, Robert John | Direct Ownership | Common Shares | 10 - Disposition in the public market | -7,000 | $7.620 |
This stinks to high heaven.