When Lydian Intl announced this at the bell last Wednesday morning….
Lydian Drills 82 Meters at 2.5 g/t Gold and Extends 1M Ounce Resource at its Amulsar Discovery in Armenia
Further mineralisation identified: 94 meters at 1.5g/t gold intersected in drilling 500 meters south of the current in yada yada continues here
….its share price did this.
Whoosh. And any time an instant double happens to a stock I’m always impressed. But just as impressed was company director Peter Mullens…
…who decided it was a great time to bail on a cool 350,000 shares….
| Aug 14/09 | Aug 13/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -25,000 | $0.700 |
| Aug 14/09 | Aug 13/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -22,500 | $0.700 |
| Aug 14/09 | Aug 13/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -2,000 | $0.710 |
| Aug 14/09 | Aug 13/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -500 | $0.720 |
| Aug 13/09 | Aug 12/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -15,500 | $0.760 |
| Aug 13/09 | Aug 12/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -27,500 | $0.750 |
| Aug 13/09 | Aug 12/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -9,500 | $0.630 |
| Aug 13/09 | Aug 12/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -19,000 | $0.620 |
| Aug 13/09 | Aug 12/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -21,500 | $0.650 |
| Aug 13/09 | Aug 12/09 | Mullens, Peter James | Direct Ownership | Common Shares | 10 – Disposition in the public market | -49,000 | $0.850 |
Etc Etc Etc
…on August 12th and August 13th (before the nice prices dried up). So take it from the experts and take profits when you can. If it’s good enough for the directors of the company, it’s good enough for you.