Three examples picked out of the hat this morning.
So let's see now....Quast of CIBC thinks Fortuna Silver (FVI.to) is cheap right now...and Nicholas CampbellSoup at the can of corn thinks FVI is cheap right now....and there there's this humble scribe....and then who else? Err, what about company Chariman Simon 'Accent' Ridgway?
So let's see now....Quast of CIBC thinks Fortuna Silver (FVI.to) is cheap right now...and Nicholas CampbellSoup at the can of corn thinks FVI is cheap right now....and there there's this humble scribe....and then who else? Err, what about company Chariman Simon 'Accent' Ridgway?
Fortuna Silver Mines Inc. (FVI) | As of May 4th, 2010 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| May 04/10 | Apr 28/10 | Ridgway, Simon T.P. | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 10,000 | $2.200 |
Yeah, he thinks it's cheap right now, too. Funny dat, innit?
Over at Guyana Gold (GUY.to), head honcho Sheridan is cashing in a bit:
Guyana Goldfields Inc. (GUY) | As of May 4th, 2010 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| May 04/10 | Apr 26/10 | Sheridan, Patrick John | Direct Ownership | Common Shares | 10 - Disposition in the public market | -2,100 | $6.650 |
| May 04/10 | Apr 26/10 | Sheridan, Patrick John | Direct Ownership | Common Shares | 10 - Disposition in the public market | -5,000 | $6.750 |
| May 03/10 | Apr 28/10 | Sheridan, Patrick John | Direct Ownership | Common Shares | 10 - Disposition in the public market | -13,900 | $6.650 |
| Apr 30/10 | Apr 27/10 | Sheridan, Patrick John | Direct Ownership | Common Shares | 10 - Disposition in the public market | -5,000 | $6.700 |
| Apr 29/10 | Apr 26/10 | Sheridan, Patrick John | Direct Ownership | Common Shares | 10 - Disposition in the public market | -5,000 | $6.750 |
| Apr 28/10 | Apr 23/10 | Sheridan, Patrick John | Direct Ownership | Common Shares |  10 - Disposition in the public market | -30,000 | $6.800 |
Must be fed up waiting for IAMGold to make a bid and wants that new SUV now.
And finally, it's not the size of the selling at Lydian Intl (LYD.to) that you should be worried about....
Lydian International Limited (LYD) | As of May 4th, 2010 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| May 04/10 | Apr 27/10 | Coughlin, Timothy James | Control or Direction | Common Shares | 10 - Disposition in the public market | -15,000 | $1.120 |
| May 04/10 | Apr 26/10 | Coughlin, Timothy James | Control or Direction | Common Shares | 10 - Disposition in the public market | -10,000 | $1.095 |
| May 04/10 | May 03/10 | Corrie, Roderick | Direct Ownership | Common Shares | 10 - Disposition in the public market | -10,000 | $1.160 |
.....it's more that the insiders seem to do nothing but sell and sell and sell. I wonder if the IFC are happy about seeing their cash go straight into the pockets of already rich people?