What could Cardero Resources (CDY) (CDU.to) possibly know about Trevali Resources (TV.to)?

I mean, it's hardly likely that Cardero (CDY) (CDU.to) has any inside track on Trevali (TV.to) and knows more than we retail grunts do, is it? I mean, it's not like they share any of the same management or belong to the same group of companies, is it? And what's that about Mr van Alphen having a long track record of  luck with his timing of buys and sells? Surely not!

Trevali Resources Corp. (TV)						As of January 24th, 2011
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Jan 24/11	Jan 19/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-170,000	$2.347
Jan 24/11	Jan 19/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-5,000	$2.280
Jan 24/11	Jan 19/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-30,000	$2.230
Jan 24/11	Jan 19/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-20,000	$2.260
Jan 24/11	Jan 18/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-20,000	$2.150
Jan 24/11	Jan 18/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-15,000	$2.180
Jan 24/11	Jan 18/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-180,000	$1.882
Jan 24/11	Jan 17/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-70,000	$1.950
Jan 24/11	Jan 17/11	Cardero Resource Corp.	Direct Ownership	Common Shares	10 - Disposition in the public market	-200,000	$1.980

After all, they've only sold 710,000 shares of TV.to at all prices between $1.88 and $2.34.....so far. What's $1.5m between friends these days anyhow?

Make hay while the sun shines, Henk. The rest of you, DYODD.

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.........