Two things we need to know about B2Gold's (BTO.to) latest round of insider selling

Two things to mention about B2Gold's (BTO.to) latest insider filings.

First, company chair Robert Cross dumped another large lump on the world, according to latest filings:

Jun 5/12

May 31/12

Cross, Robert Melvin Douglas

Indirect Ownership

Common Shares

11 - Disposition carried out privately

-1,500,000

$3.11

That's another 1.5m shares disposed of, which you can add to the half million he dumped on May 28th. This means he's sold over 50% of his previous holding and is left with just 1.831m in the coffers...presumably for a rainy day.

Second, it seems the company may be feeling a little sensitive about the issue, as this hit record in IKN back office seems to suggest. Somebody at the "Bema Gold Corp" ISP (which is of course the company from which B2Gold sprang after Bema was taken out) just arrived on site after Googling "robert cross b2gold insider report", presumably checking on what the world is saying about the latest dumpage. Here's the back office paste-out, for your viewing pleasure:

Search Referral:				www.google.ca — robert cross b2gold insider report #2
Host Name:				mail.b2gold.com									Browser:				IE 8.0
IP Address:				216.18.69.81 — bema gold									Operating System:				Win7
Location:				Vancouver, British Columbia, Canada									Resolution:				1280x1024
Returning Visits:				0									Javascript:				Enabled
Visit Length:				Not Applicable									ISP:				Bema Gold Corporation

Navigation Path

Date	Time	WebPage
		www.google.ca — robert cross b2gold insider report #2
6 Jun	18:44:59	incakolanews.blogspot.ca/2012/05/b2gold-btoto-insider-sales-im-sorry-did.html

Gotta love the interwebs, no?