Insider sellers, insider buyers

ECU Silver (ECU.to) still bailing to the suckers who still lunatic enough believe in this POS

ECU Silver Mining Inc. (ECU)						As of September 18th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Sep 18/09	Sep 11/09	Bélanger, Clifford	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	$0.650
Sep 18/09	Sep 15/09	Bélanger, Clifford	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000	$0.600
Sep 17/09	Sep 11/09	Thériault, Francine	Direct Ownership	Common Shares	10 - Disposition in the public market	-10,000

Hank Van Alphen dumped 32,000 Int'l Tower Hill (ITH.v) shares on the market since September 10th this month, at prices from $4.38 upwards. This guy looks after himself and then number one then Henk Van Alphen and then later might have a moment for other people, so take the hint.

International Tower Hill Mines Ltd. (ITH)						As of September 18th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Sep 18/09	Sep 15/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-2,000	$4.500
Sep 18/09	Sep 15/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-2,200	$4.580
Sep 18/09	Sep 14/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-100	$4.584
Sep 18/09	Sep 14/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-700	$4.580
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-3,000	$4.750
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-3,000	$4.580
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-1,000	$4.600
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-4,000	$4.640
Sep 18/09	Sep 11/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-4,000	$4.480
Sep 18/09	Sep 10/09	Van Alphen, Hendrik	Direct Ownership	Common Shares	10 - Disposition in the public market	-4,000	$4.440

Meanwhile, the B2gold chairman Robert Cross has suddenly taken a liking to his stock. He's never owned a share in BTO.to until this week and now here he is with 250,000 bought on the open market.

B2Gold Corp. (BTO)						As of September 18th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Sep 18/09	Sep 17/09	Cross, Robert Melvin Douglas	Indirect Ownership	Common Shares	10 - Acquisition in the public market	150,000	$0.730
Sep 18/09	Sep 16/09	Cross, Robert Melvin Douglas	Indirect Ownership	Common Shares	10 - Acquisition in the public market	100,000	$0.740

And Sheldon is falling in love with Pinetree again. Just like starting over, no?

Pinetree Capital Ltd. (PNP)						As of September 18th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Sep 18/09	Sep 10/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	500	$1.640
Sep 18/09	Sep 10/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	101,300	$1.634
Sep 18/09	Sep 10/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	50,000	$1.678
Sep 18/09	Sep 09/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	5,200	$1.650
Sep 18/09	Sep 09/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	2,800	$1.644
Sep 18/09	Sep 09/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	148,300	$1.644
Sep 18/09	Sep 09/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	18,500	$1.660
Sep 18/09	Sep 08/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	147,300	$1.673
Sep 14/09	Sep 04/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	10,100	$1.641
Sep 14/09	Sep 04/09	Inwentash, Sheldon	Direct Ownership	Common Shares	10 - Acquisition in the public market	300	$1.640

What's the rush, Michael?

When insiders sell stock in their company it's always worth noting. Sometimes those sales have decent explanations, sometimes they get your nose a-twitching. Sometimes they're small, sometimes they're big. But when one single insider sells stock not just in one company but in five companies all related to each other, it's one worth commenting out loud. Especially if that person happens to be the Chief Financial Officer in two of the five companies.

Over the last couple of weeks, Michael Kinley, CFO of Cardero Resources and International Tower Hill (ITH.v) has sold stock in CDY

Cardero Resource Corp. (CDU)

Apr 09/09	Mar 23/09	Kinley, Michael Winslow	Indirect Ownership	Common Shares	10 - Disposition in the public market	-2,700	$3.170
Apr 09/09	Mar 31/09	Kinley, Michael Winslow	Indirect Ownership	Common Shares	11 - Disposition carried out privately	-5,000	$1.670
Apr 09/09	Mar 23/09	Kinley, Michael Winslow	Indirect Ownership	Common Shares	11 - Disposition carried out privately	-4,500	$3.020

He's sold stock in ITH

International Tower Hill Mines Ltd. (ITH)

Apr 09/09	Mar 31/09	Kinley, Michael Winslow	Indirect Ownership	Common Shares	11 - Disposition carried out privately	-212,500	$0.210
Apr 01/09	Mar 23/09	Kinley, Michael Winslow	Indirect Ownership	Common Shares	11 - Disposition carried out privately	-8,000	$1.420

But he's also sold chunks of three other "Cardero Group" companies, namely Wealth Minerals (WML.v):

Wealth Minerals Ltd. (WML)

Apr 01/09

Mar 23/09

Kinley, Michael Winslow

Indirect Ownership

Common Shares

11 - Disposition carried out privately

-144,456

$0.400

Dorato Resources (DRI.v)

Dorato Resources Inc. (DRI)

Apr 09/09

Mar 31/09

Kinley, Michael Winslow

Indirect Ownership

Common Shares

11 - Disposition carried out privately

-58,000

$0.630

And Trevali Resources (TV:cnq)

Trevali Resources Corp. (TV)

Apr 09/09	Mar 31/09	Kinley, Michael Winslow	Indirect Ownership	Common Shares	11 - Disposition carried out privately	-150,000	$0.100
Apr 01/09	Mar 23/09	Kinley, Michael Winslow	Indirect Ownership	Common Shares	11 - Disposition carried out privately	-5,000	$0.660

Now all this selling must have a decent reason, surely no? But all the same if the CFO, the dude who does the money chez Cardero, starts bailing heavily from the interrelated companies he holds (and after collecting $150,000 in fees for his services last year from ITH.v and CDY) don't you think the market deserves a word or two of reassurance, especially considering the delicate state of negotiations between CDY and the Chinese over their delayed iron ore deal? Inquiring minds and all that.........