Tuesday, September 21, 2010

An inside trend question


So here's a question for y'all. Has anyone else...

Rainy River Resources Ltd. (RR)

As of September 20th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 20/10 Sep 15/10 Caridi, Elizabeth Direct Ownership Common Shares 10 - Disposition in the public market -1,000 $8.780
Sep 20/10 Sep 15/10 Caridi, Elizabeth Direct Ownership Common Shares 10 - Disposition in the public market -1,000 $8.740
Sep 20/10 Sep 15/10 Caridi, Elizabeth Direct Ownership Common Shares 51 - Exercise of options 2,000 $5.000
Sep 20/10 Sep 15/10 Caridi, Elizabeth Direct Ownership Stock Options 51 - Exercise of options -2,000 $5.000
Sep 13/10 Sep 09/10 Grinnell, James Gordon Direct Ownership Common Shares 10 - Disposition in the public market -13,700 $8.000
Sep 13/10 Sep 09/10 Grinnell, James Gordon Direct Ownership Common Shares 10 - Disposition in the public market -8,000 $8.010
Sep 13/10 Sep 09/10 Grinnell, James Gordon Direct Ownership Common Shares 10 - Disposition in the public market -3,300 $8.020

...noticed that recently...

ATAC Resources Ltd. (ATC)

As of September 20th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 20/10 Sep 20/10 Archer, Alan Richard Direct Ownership Common Shares 10 - Disposition in the public market -10,000  
Sep 20/10 Sep 13/10 Archer, Alan Richard Direct Ownership Common Shares 10 - Disposition in the public market -10,000  
Sep 14/10 Sep 07/10 Goss, Douglas Owen Direct Ownership Common Shares 51 - Exercise of options 50,000 $1.400
Sep 14/10 Sep 07/10 Goss, Douglas Owen Direct Ownership Options 51 - Exercise of options -50,000  
Sep 13/10 Sep 07/10 Archer, Alan Richard Direct Ownership Common Shares 10 - Disposition in the public market -50,000  
Sep 12/10 Sep 07/10 Wober, Helmut Hubert Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $6.050
Sep 08/10 Sep 03/10 Wober, Helmut Hubert Direct Ownership Common Shares 10 - Disposition in the public market -2,300 $5.350
Sep 08/10 Sep 02/10 Wober, Helmut Hubert Direct Ownership Common Shares 10 - Disposition in the public market -2,700 $5.074
Sep 07/10 Sep 03/10 Talbot, Ian John Direct Ownership Common Shares 10 - Disposition in the public market -15,000  

...more than one manager or insider....

Fortuna Silver Mines Inc. (FVI)

As of September 20th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 17/10 Sep 17/10 Ganoza Aicardi, Jorge R. Direct Ownership Common Shares 10 - Disposition in the public market -50,000 $3.330
Sep 17/10 Sep 17/10 Ganoza Aicardi, Jorge R. Direct Ownership Common Shares 51 - Exercise of options 50,000 $2.290
Sep 17/10 Sep 17/10 Ganoza Aicardi, Jorge R. Direct Ownership Options 51 - Exercise of options -50,000  
Sep 17/10 Sep 17/10 Iverson, Michael Alexander Indirect Ownership Common Shares 10 - Disposition in the public market -3,000 $3.390
Sep 17/10 Sep 17/10 Iverson, Michael Alexander Direct Ownership Common Shares 10 - Disposition in the public market -2,000 $3.370
Sep 15/10 Sep 15/10 Iverson, Michael Alexander Direct Ownership Common Shares 10 - Disposition in the public market -2,600 $3.280
Sep 15/10 Sep 14/10 Iverson, Michael Alexander Indirect Ownership Common Shares 10 - Disposition in the public market -4,000 $3.220
Sep 15/10 Sep 14/10 Iverson, Michael Alexander Indirect Ownership Common Shares 10 - Disposition in the public market -2,000 $3.190
Sep 15/10 Sep 14/10 Iverson, Michael Alexander Indirect Ownership Common Shares 10 - Disposition in the public market -2,000 $3.170
Sep 15/10 Sep 14/10 Iverson, Michael Alexander Indirect Ownership Common Shares 10 - Disposition in the public market -2,000 $3.150

...in successful Canadian companies...

Amerigo Resources Ltd (ARG)

As of September 20th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 20/10 Sep 13/10 Beaty, Ross J. Indirect Ownership Common Shares 10 - Disposition in the public market -500,000 $0.850
Sep 20/10 Sep 17/10 Davidson, Aurora Direct Ownership Common Shares 51 - Exercise of options 250,000  
Sep 20/10 Sep 17/10 Davidson, Aurora Direct Ownership Options 51 - Exercise of options -250,000 $0.310
Sep 20/10 Sep 17/10 Dean, Steven G Direct Ownership Common Shares 51 - Exercise of options 350,000  
Sep 17/10 Sep 17/10 Dean, Steven G Direct Ownership Common Shares 10 - Disposition in the public market -6,000 $0.910
Sep 17/10 Sep 17/10 Dean, Steven G Direct Ownership Common Shares 10 - Disposition in the public market -344,000 $0.900

....has been looking to....

Sandspring Resources Ltd. (SSP)

As of September 20th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 20/10 Sep 16/10 Gryba, Charles M. Direct Ownership Common Shares 10 - Disposition in the public market -20,000 $2.300
Sep 17/10 Sep 15/10 Libra Advisors, LLC Direct Ownership Common Shares 10 - Disposition in the public market -83,300 $2.330
Sep 16/10 Sep 15/10 Libra Advisors, LLC Direct Ownership Common Shares 10 - Disposition in the public market -61,400 $2.259
Sep 14/10 Sep 10/10 Libra Advisors, LLC Direct Ownership Common Shares 10 - Disposition in the public market -43,000 $1.946
Sep 08/10 Sep 02/10 Libra Advisors, LLC Direct Ownership Common Shares 10 - Disposition in the public market -13,900 $1.620
Sep 02/10 Aug 31/10 Libra Advisors, LLC Direct Ownership Common Shares 10 - Disposition in the public market -55,700 $1.602
Sep 02/10 Aug 27/10 Libra Advisors, LLC Direct Ownership Common Shares 10 - Disposition in the public market -134,000 $1.581

....take some money ....

First Majestic Silver Corp. (FR)

As of September 20th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 20/10 Sep 20/10 McCallum, Robert A. Direct Ownership Common Shares 10 - Disposition in the public market -26,000 $6.050
Sep 17/10 Sep 15/10 Shaw, David Andrew Direct Ownership Common Shares 51 - Exercise of options 20,000 $2.030
Sep 17/10 Sep 15/10 Shaw, David Andrew Direct Ownership Common Shares 51 - Exercise of options 100,000 $1.560
Sep 17/10 Sep 15/10 Shaw, David Andrew Direct Ownership Options 51 - Exercise of options -20,000 $2.030
Sep 17/10 Sep 15/10 Shaw, David Andrew Direct Ownership Options 51 - Exercise of options -100,000 $1.560
Sep 09/10 Sep 07/10 Young, Robert John Direct Ownership Common Shares 10 - Disposition in the public market -200 $5.432
Sep 09/10 Sep 07/10 Young, Robert John Direct Ownership Common Shares 10 - Disposition in the public market -200 $5.422
Sep 09/10 Sep 07/10 Young, Robert John Direct Ownership Common Shares 10 - Disposition in the public market -4,900 $5.440
Sep 09/10 Sep 07/10 Young, Robert John Direct Ownership Common Shares 10 - Disposition in the public market -13,400 $5.420
Sep 09/10 Sep 07/10 Young, Robert John Direct Ownership Common Shares 10 - Disposition in the public market -18,800 $5.430

...off the table? 

And the above are just a sample, there are plenty more where they came from. Choose your own poison (and why not start over at pacific rubiales, where sales have been 'chunky'?).

None of these people or investment entities are selling out their whole bunch of shares and most of them just a sliver or two. I'm sure there's nothing underhand going on with these sales and each one has solid reasoning to back it up, but it does strike this humble scribe as indicative of where we are on a macro scale. DYODD and be careful out there, because when market shillers are screaming "TO DA MOON ALICE!!" at the same time as smart players cash out some, there may just be a message worth heeding hidden between the two facts.