RE:Insider SellingGodfather wrote: Anyone know why insiders are dumping this thing, to the tune of 432k today? RetardRed, any idea?
It was a cross, Dundee to Dundee (same for yesterday, but 932,500).
It's not Frank Callaghan, as he's not been an insider (according to last proxy circular, he only had 6.8 million shares at December 23, 2013, which is not 10 per cent of the issued) since July, 2015.
Those shares will likely either be Director Gordon's or Eric Sprott's, as they're the only two insiders with 1,634,500 shares.
Gordon could be selling to Eric Sprott, Gordon could be repositioning to another entity, or Sprott could be repositioning, or maybe selling to Sprott Asset?