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Dorato Resources: the real insider bails more

Jorge Bedoya (nice tie)

Yesterday a dude named Jorge Bedoya sold 261,100 shares of Dorato Resources (DRI.v) into the market (here’s the filing).

Dorato Resources Inc. (DRI)

As of June 16th, 2009
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jun 16/09 Jun 15/09 Bedoya, Jorge Arturo Direct Ownership Common Shares 10 – Disposition in the public market -261,100 $0.600 USD
The thing is, Bedoya ain’t no common or garden insider in this company. He’s the man who knows the area Dorato is exploring more than anyone else in the DRI.v team, as his “Afrodita” company is the one that Dorato bought into/bought out (there’s still some confusion whether Afrodita is officially owned by Dorato or if it’s still in the optioning stage) to get its hands on those concessions way up in North Peru.

Afrodita has been working the area for well over a decade,and Bedoya has spent plenty of time up there. He knows the area and he knows the people. In fact, he knows them so well that he was witness at a government enquiry into problems there a few years ago. So it’s more telling than most insider sales that a guy so intimate with Dorato’s property affairs is now bailing in the company, taking the money and running.

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