Voltalia Ord Shs VLTAF

Insider Sale

[monmick]

Has this been reported?

Volta Resources Inc. (VTR)						As of May 17th, 2010
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
May 17/10	May 11/10	Randgold Resources Limited	Direct Ownership	Common Shares	10 - Disposition in the public market	-5,000,000	$1.590

[krishak]

no, & I am surprised to see it.

[ALLEN4]

I had not seen that.  Very interesting.  May 11 as you recall was our high volume day, trading close to 9 million.  So Randgold accounted for 5 Million of those shares.  I am assuming the people who have level 2 which identifies purchasers and buyers had no inkling of this, as Randgold would have used a broker?   I believe that Randgold had close to 20 million shares

[robanatta]

NO IT HAS NOT!!!! Thank you VERY MUCH for confirming my gut feeling! Glad I sold yesterday... GLTY & GLTA...

[ALLEN4]

The value of Randgold's shares had appreciated approximately 1000 per cent since acquisition date and they held 20 per cent of the outstanding shares of Volta, and the stock is not so liquid that they can exit their position whenever they want.  I think one can hardly blame them for disposing of one quarter of their shares,  its probably just prudent money management and nothing

[Jamespatrick77]

Agreed.  They still hold a good chunk, and you cant blame them for reducing after such a run.  The float was tight, which also added to the run...but the drilling continues so more shiny cores will drive us forward.  Plus the 43-101.

[KieranJ]

Hey everyone,I'm new to posting but have been around this forum for quite some time and hold quite a few Volta shares.The Randgold sale was somewhat mentioned by Jamie Horvat from Sprott on BNN Market Call Tonight on May 11th. He mentioned that Randgold sold 5 Million shares that same day as they felt that they wanted to Focus on their larger Moto project.He also said that Volta was in the top