IKN

saucy doubts and fears

So what does Simon Ridgway know about Radius Gold (RDU.v) that we don’t?

Probably quite a lot, actually. Here’s a list of all Ridgway’s insider trades in Radius Gold (RDU.v) this past 12 months. First up, it’s notable that the only thing he’s done is buy…not a single sale.
Simon Ridgway likes Radius Gold (RDU.v)
trade filed purchase price tot shares owned
14/12/2009 +12,000  0.21 584,423 
14/12/2009 +1,000  0.21 585,423 
11/12/2009 +12,000  0.21 597,423 
07/01/2010 +100,000  0.215 697,423 
02/02/2010 +3,000  0.41 700,423 
12/02/2010 +30,000  0.33 730,423 
25/02/2010 +80,000  0.325 810,423 
17/03/2010 +12,000  0.37 822,423 
17/03/2010 +5,000  0.375 827,423 
17/03/2010 +8,000  0.38 835,423 
07/05/2010 +10,500  0.37 845,923 
07/05/2010 500 0.39 846,423 
07/05/2010 +1,000  0.395 847,423 
07/05/2010 +85,000  0.38 932,423 
07/05/2010 +5,500  0.36 937,923 
07/05/2010 +6,500  0.37 944,423 
11/05/2010 +1,500  0.36 945,923 
22/06/2010 +1,000,000  0.35 1,945,923 
27/07/2010 +4,000  0.3 1,949,923 
27/07/2010 +23,000  0.3 1,972,923 
28/07/2010 +10,000  0.3 1,982,923 
30/07/2010 +5,000  0.3 1,987,923 
26/10/2010 +2,000  0.59 1,989,923 
26/10/2010 +73,000  0.6 2,062,923 
17/11/2010 +4,500  0.66 2,067,423 
17/11/2010 500 0.64 2,067,923 
18/11/2010 +15,000  0.57 2,082,923 
22/11/2010 +10,000  0.56 2,092,923 
Second up, split that lot up into months. Here’s how it looks:
Jan 100000
feb 33000
mar 25000
apr 0
may 120000
jun 1000000
jul 42000
aug 0
sep 0
oct 75000
nov 30000
So apart from April, he was a busy little buyer in the first half of the year, was he not? Thirdly, compare the year’s price action in RDU to Ridgway’s purchases:

To this humble scribe, it does seem quite significant that he’s stepping up again and buying in this 56c to 66c range after letting August, September and 3/4 of October go by without doing anything on those elevated prices. DYODD.
disclosure: i’ve owned it before, but right now no position in RDU

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