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4/3/10

Marin Katusa dumps Copper Mountain (CUM.to)

Marin takes anything over $3

Marin Katusa is a director of Copper Mountain (CUM.to). He's also selling large lumps of his stock.

Copper Mountain Mining Corporation (CUM)

As of April 2nd, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Apr 02/10 Mar 17/10 Katusa, Marin Direct Ownership Common Shares 10 - Disposition in the public market -50,000
Apr 02/10 Mar 16/10 Katusa, Marin Direct Ownership Common Shares 10 - Disposition in the public market -58,400
Apr 02/10 Mar 15/10 Katusa, Marin Direct Ownership Common Shares 10 - Disposition in the public market -28,500
Apr 02/10 Mar 12/10 Katusa, Marin Direct Ownership Common Shares 10 - Disposition in the public market -89,300

That little lot adds up to 226,200 shares (half of them late filed, too). Katusa still has 263,300 shares of CUM.to left in his portfolio (according to latest filings at least), but selling out nearly half a holding like this is worthy of scrutiny, especially when you consider his background:

Marin Katusa – Director
Mr. Katusa has been a director of the Company since April 4, 2007. Mr. Katusa graduated from the University of British Columbia with a Bachelor of Science degree, and then obtained a Bachelor degree in Education. His extensive relationships within the Canadian financial community is a valuable asset in the realization of the Company‟s commitment to become a world class copper producer. He has assisted a variety of companies with strategic focus and corporate finance in the junior resource sector. Mr. Katusa is the Chief Investment Strategist, Energy Division, for Casey Research, which specializes in finding undervalued companies in the junior resource sector.

Oh, a Casey guy. He's bound to care more about Casey subscrbers than his own back pocket, isn't he? Well....isnt he?