Nadagold (NG): Rick! is as Rick! does

RICK!

It didn't take long for the leopard to show his spots. Here's how Rick! Van Alphabet thinks a CEO should act, keeping down expenses and showing a lead to his troops and all that.....by robbing his shareholders blind again.

NovaGold Resources Inc. (NG)						As of January 28th, 2010
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Jan 28/10	Jan 21/10	Van Nieuwenhuyse, Rick	Direct Ownership	Options	50 - Grant of options	231,250	$6.400

That's $1.48m added to the costs of Nadagold (NG) this quarter, to please the greed of its top man. Fulp's phrase about 'mining the stock market' springs to mind. Another one is "Shareholders: If they can't take a joke f*** 'em."

h/t fulp

Linear Gold (LRR.to): Lipstick, meet pig: Pig, this is lipstick

pucker up, baby

This one made me laugh. You have a joint venture option agreement with a big world miner. The project is in the polrisk red hot zone of Chiapas, Mexico. So when the big world miner partner declines the option and hands the property back to you it's made to sound like a distinct advantage and the best thing that could have happened to the company.

Cue Linear Gold's PR today:

Linear Gold Maintains a 100% Interest in the Ixhuatan Project, Mexico

HALIFAX, NOVA SCOTIA--(Marketwire - Dec. 29, 2009) - Linear Gold Corp. (TSX:LRR - News; "Linear") announces that it has received notice from Kinross Gold Corporation that they will not exercise their option to acquire an initial 60% interest in the Ixhuatan Project, thereby allowing Linear to maintain its 100% interest in the project. The Ixhuatan Project covers an area of over 98,000 hectares, in Chiapas, Mexico, including the yada yada continues here

PT Barnum is alive and well and is living in Canada.

ECU Silver (ECU.to) grants options...bless 'em!

I dunno what part of this is funnier. Here's your choice of guffaw material:

1) The press release happened on a Saturday afternoon.
2) The options are worth over $6m (though with this company we have to be careful about using words that suggest any sort of value).
3) The mental hoops the crooks go through to justify awarding themselves options at under the present share price.
4) "Consultants" are in on this optionsfest. Who the F does that include, Wistar? Any clues, Bill? Expecting a windfall, Adrian?

Remember folks, Bill Murphy over at GATA is offering a half price subscription next year if ECU.to doesn't make it to $3/share by the end of 2009. So at least you GATA saps that have lost thousands in this stock can recoup a tiny fraction of your moolah.

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2009) - ECU Silver Mining Inc. (TSX:ECU - News) today announced an issuance of share purchase options (the "Options") pursuant to the Company's Stock Option Plan approved by shareholders and accepted by the Toronto Stock Exchange.

In accordance with the Company's Stock Option Plan, as at September 9, 2009 the Company has granted Options on 10,825,000 common shares of the Company to directors, officers, consultants and employees of the Company. The Options will be exchangeable into common shares of the Company at a price of $0.60 per common share. This represents a premium of 18% over the 10-day average closing price of ECU Common Shares of $0.51 ending September 9, 2009. The shares closed at $0.58 on September 9, 2009. The Options represent approximately 3.8% of the Company`s 285,760,634 common shares outstanding and will expire September 9, 2016.

UPDATE: Seriously, these guys just get worse and worse

TORONTO, ONTARIO - September 13, 2009 – ECU Silver Mining Inc. (TSX: ECU)
On September 12, 2009, the Company announced that its Board of Directors had granted various common share purchase options pursuant to its stock option plan. The Company wishes to announce that upon further review, the Board of Directors has elected to defer the issuance of the Options at this time.

Nadagold (NG): Just follow the instructions on the shampoo bottle.....

.......and everything comes out clean, bright and sparkling.

And those instructions are LATHER, RINSE AND REPEAT.

Hey Look! Our lucky pal Rick Van Nieuwenhuyse has just awarded himself 838,000 new stock options to replace the ones he claims "he had to sell due to a third party margin call".

Totally unrelated thought for the day: Not all thieves wear black and white striped sweaters and carry bags labelled 'Swag'.