We'd already noted some significant inside selling over at Baja Mining (BAJ.to) about a month ago when insiders Kendra Low, Ross Glanvilleand Graham Thody were all seen dumping at the same moment, raising a whiff of a suspicion of a hint of a smell around the BAJ shop. But none of these compares to ex-CFO of BAJ and Nassau Bahamas resident, Robert Mouat:
Baja Mining Corp. (BAJ) | As of May 18th, 2010 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| May 18/10 | May 06/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -35,000 | $0.780 |
| May 18/10 | May 04/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -40,000 | $0.800 |
| May 18/10 | Apr 29/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -35,000 | $0.840 |
| May 18/10 | Apr 27/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -40,000 | $0.860 |
| May 18/10 | Apr 22/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -35,000 | $0.870 |
| May 18/10 | Apr 20/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -40,000 | $0.800 |
| May 18/10 | Apr 15/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -35,000 | $0.800 |
| May 18/10 | Apr 14/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -40,000 | $0.810 |
| May 18/10 | Apr 08/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -35,000 | $0.800 |
| May 18/10 | Apr 06/10 | Mouat, Robert Lawrence | Indirect Ownership | Common Shares | 10 - Disposition in the public market | -40,000 | $0.810 |
And there are plenty more line items not shown on Cad Insider, as well. In fact, not only has Mouat been disposing of large lumps of stock at 20%+ prices than today but he's also only just gotten round to filing dozens of the way-late filed that date as far back as January, FerCryinOutLoud! In total, the dude quietly and rulebreakingly got rid of 555,000 shares of BAJ and finally bothered to tell the world yesterday. Just shows you what BAJ.to executives think of their shareholders, dunnit?