Of course I was perplexed by this, as you could never accuse the management team of any Canadian junior mining company to be A BUNCH OF SCHEMING, LOWLIFE, TWO-FACED CAPITALIST PIGS OF THE WORST SORT (oops! capslock stuck for a minute there..apologies), so there must be a decent reason. Thus I cast the Otto infonet and heard back that the mgmt is selling a few shares “for tax reasons”. So that explains the following, I suppose:
- Peter Megaw has sold 46,000 shares since May 12th (just after receiving 11,250 options priced at C$5.54, too…ain’t dat lucky?). Also strange is how he only sells his MAG Silver shares but doesn’t touch his shares in either Candente or West Timmins.
- R. Michael Jones, who holds inside shares in no less than seven companies, has deemed that only MAG Silver is worthy of selling “to pay taxes”, dumping 14,500 shares of MAG.to this month. Oh wow, a 12,188 options handout last month for you too, Mikey…lucky boy.
- CFO Frank Hallam managed to dump every single one of his 44,500 shares in MAG Silver on May 13th (got over six loonies apiece, too). And hey wow!!! He got 61,797 options granted to him in April, too. Ain’t life grand, Frankie….?