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5/5/10

Winning friends and influencing people with insider trading

Three examples picked out of the hat this morning.

So let's see now....Quast of CIBC thinks Fortuna Silver (FVI.to) is cheap right now...and Nicholas CampbellSoup at the can of corn thinks FVI is cheap right now....and there there's this humble scribe....and then who else? Err, what about company Chariman Simon 'Accent' Ridgway?

Fortuna Silver Mines Inc. (FVI)

As of May 4th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
May 04/10 Apr 28/10 Ridgway, Simon T.P. Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $2.200


Yeah, he thinks it's cheap right now, too. Funny dat, innit?


Over at Guyana Gold (GUY.to), head honcho Sheridan is cashing in a bit:

Guyana Goldfields Inc. (GUY)

As of May 4th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
May 04/10 Apr 26/10 Sheridan, Patrick John Direct Ownership Common Shares 10 - Disposition in the public market -2,100 $6.650
May 04/10 Apr 26/10 Sheridan, Patrick John Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $6.750
May 03/10 Apr 28/10 Sheridan, Patrick John Direct Ownership Common Shares 10 - Disposition in the public market -13,900 $6.650
Apr 30/10 Apr 27/10 Sheridan, Patrick John Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $6.700
Apr 29/10 Apr 26/10 Sheridan, Patrick John Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $6.750
Apr 28/10 Apr 23/10 Sheridan, Patrick John Direct Ownership Common Shares 10 - Disposition in the public market -30,000 $6.800


Must be fed up waiting for IAMGold to make a bid and wants that new SUV now.


And finally, it's not the size of the selling at Lydian Intl (LYD.to) that you should be worried about....

Lydian International Limited (LYD)

As of May 4th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
May 04/10 Apr 27/10 Coughlin, Timothy James Control or Direction Common Shares 10 - Disposition in the public market -15,000 $1.120
May 04/10 Apr 26/10 Coughlin, Timothy James Control or Direction Common Shares 10 - Disposition in the public market -10,000 $1.095
May 04/10 May 03/10 Corrie, Roderick Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $1.160


.....it's more that the insiders seem to do nothing but sell and sell and sell. I wonder if the IFC are happy about seeing their cash go straight into the pockets of already rich people?