RE:RE:RE:RE:RE:Bought some more hereas far as the insider selling and options go, this is what is happening imho.
many company insiders have it automatically set up to sell all or a portion of their options on the day they are exercised ( some companies have this as part of their governance), they are normally issued new options at the same time so this selling doesn't necessarily mean they have less skin the game at all, this practice actually helps prevent possible unintended manipulation by insiders, it is also now more common with the newer tax regulations on options.
it looks to me like almost all of the senior insider (c suite execs and some directors) selling were sold the day their options were exercised and were replaced with newer options, most of which are priced at $5/sh, James holds about 3.45m of these options so to me if this is not bullish overall I don't know what is.
yes this selling helped lower the s/p as the juniors aren't getting much love these days but it creates opportunities for retails with a strong conviction on gold and rup in particular. the s/p seems to be recovering nicely right now, I added a few more shares recently but was already pretty much at my limit for a spec stock. I'm not a gold bug but do think it will surprise to the upside in the short to medium time frame. I also agree with thhe poster that mentioned that after the kirkland/agnico merger completes they'll be looking for more projects. also to those that think kirland s/h got hosed, I don't think that at all, they have the option of holding a much stronger gold company with bigger growth prospects and synergies to help the bottom line. all jmho.
cheers and gl ferret