Novamind Inc. V.HMI

Insider Trading - HMI

[wahjai604]

Hinterland Metals Inc. (HMI)						As of October 17th, 2009
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Oct 16/09	Oct 07/09	MacLellan, Vaughn	Direct Ownership	Options Incentive Stock Options	50 - Grant of options	75,000	$0.100
Oct 15/09	Oct 08/09	Kiernicki, Ferdynand Staninslaw	Direct Ownership	Options Incentive Stock Options	50 - Grant of options	50,000	$0.100
Oct 15/09	Oct 07/09	Fekete, Gregory Arpad	Direct Ownership	Options Incentive Stock Options	50 - Grant of options	200,000
Oct 15/09	Oct 07/09	Thiersch, Peter	Direct Ownership	Options Incentive Stock Options	50 - Grant of options	75,000	$0.100
Oct 09/09	Oct 07/09	Martin, Ingrid	Direct Ownership	Options Incentive Stock Options	50 - Grant of options	200,000	$0.100
Sep 28/09	Sep 28/09	Martin, Ingrid	Direct Ownership	Common Shares	16 - Acquisition under a prospectus exemption	150,000	$0.060
Aug 10/09	Jun 10/09	Fekete, Gregory Arpad	Direct Ownership	Common Shares	16 - Acquisition under a prospectus exemption	150,000	$0.050
Aug 03/09	Jun 12/09	Fekete, Gregory Arpad	Direct Ownership	Common Shares	10 - Disposition in the public market	-53,000	$0.095
Aug 03/09	Jun 12/09	Fekete, Gregory Arpad	Direct Ownership	Common Shares	10 - Disposition in the public market	-47,000	$0.090
Jun 11/09	Jun 10/09	MacLellan, Vaughn	Direct Ownership	Common Shares	10 - Acquisition in the public market	150,000	$0.050
- Amended Filing

 

Hmmm... I'm curious, during the last two weeks, there has been a sudden surge in Grant of Options. If we break it down this is what it looks like:

Ingrid Martin (CFO) - 200,000 options

Gregory Fekete (Corporate Secretary and Director) - 200,000 options

Peter Thiersch, Fred Kiernicki, Vaughn MacLellan (Directors) - 200,000 options

So that means there are 600,000 options at $0.10 each, but wait isn't the current SP just $0.075? Why would these insiders buy it at $0.10? To me it seems like these may be options to buy the stock when the SP goes up, and they can buy it at a lower price. Hmmm... I really don't want to speculate, but it makes me wonder, if there are some new NR's coming out between now and the end of the year that may drive the SP up?

Another way we can argue is that it may be an incentive for the executives to try harder to get the company in better financial position and at a higher SP. Just like if we as employees work for a company and they give up stock options of the company, it may be the same thing that applies to these executives.

I guess only time will tell where the SP will be at by the end of the year, but it does definitely give some food for thought, don't you think?

WahJai604