IKN

a plague o both your houses

Good morning Mr Ridgway

I wanna be your sledgehammer

Those that follow the blog know that your humble correspondent has been trading Fortuna Silver (FVI.v) in its current range by buying under $0.90 and selling over $1. In fact the last couple of round trips have averaged a 20%+ win with the buys at 85c and the sells at 105c.

Well, looks like I’m in good company on this. Or maybe….. just maybe……. the company chairman himself is a regular reader and is shadowing the Ottotrades. Here are Simon Ridgway’s most recent purchases:

Mar 13/09 Mar 10/09 Ridgway, Simon T.P. Indirect Ownership Common Shares 10 – Acquisition in the public market 4,000 $0.830
Mar 13/09 Mar 10/09 Ridgway, Simon T.P. Indirect Ownership Common Shares 10 – Acquisition in the public market 4,500 $0.850
Mar 13/09 Mar 10/09 Ridgway, Simon T.P. Indirect Ownership Common Shares 10 – Acquisition in the public market 2,000 $0.860
Mar 13/09 Mar 10/09 Ridgway, Simon T.P. Indirect Ownership Common Shares 10 – Acquisition in the public market 2,000 $0.870
All nice little chunks bought at the IKN target price between $0.83 and $0.87. And now here’s the latest filing, where Ridgway sells 2,000 shares….

Mar 20/09 Mar 18/09 Ridgway, Simon T.P. Indirect Ownership Common Shares 10 – Disposition in the public market -2,000 $1.030

…..yep you guessed it, at the IKN target sale price of $1.03. Weird world, innit? Still, it’s nice to know I’m in good company, because some of the drossy, non-company hangers-on recently hanging round this stock have made my stomach turn. As for what Ridgway is doing with the small FVI.v profit scalp, it looks like he’s ploughing it into his first love, Radius Gold (RDU.v), as this happened on the same day.

Mar 20/09 Mar 18/09 Ridgway, Simon T.P. Indirect Ownership Common Shares 10 – Acquisition in the public market 21,500 $0.175
A small, beaten-down junior gold operating in LatAm that’s now starting to make a noise or two about some new things in Peru? Hey, that might be worth a sniff and a tire-kick right now.After all, if Ridgway likes it………..

DYODD, dude

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