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Multi-Metal Development Ltd V.MLY

Alternate Symbol(s):  MLYCF

Multi-Metal Development Ltd is a Canadian mineral exploration and development company with mineral rights interests in the United States of America and Austria. The Company operates in two geographical areas, being Canada and the United States. The Company’s flagship project is the CuMo molybdenum project (the CuMo Project), located in Idaho, in the United States. The CuMo Project has two distinct layers of diversification: the upper half contains higher grades of silver and copper compared to molybdenum and the lower half is rich in molybdenum, with lower grades of silver and copper. The CuMo deposit is located at the south-western end of the Idaho-Montana Porphyry Belt within the Atlanta Lobe of the Idaho Batholith. Its Bleiberg Zinc-Germanium-Lead-Fluorite-Cadmium Mine Complex consists of 116 exploration licenses totaling 6,582.4 hectares, located approximately 130 kilometers south of the city of Salzburg, Austria.


TSXV:MLY - Post by User

Bullboard Posts
Comment by halcrowon Feb 25, 2016 3:03pm
94 Views
Post# 24595505

RE:Questions?

RE:Questions?You have taken trading from January 1, 2016, to Feb. 25, 2016.

My summary was from Jan. 1, 2015, to Feb. 18, 2016 . You've omitted a year's worth of trading.

I do find it not to be unusual for insiders in publicly traded companies to engage in private dispositions, acquisitions and gifting of shares. I presume that these could be tax or estate transactions by insiders. However, they've been reported to Sedi, as is mandated.

You suggested that you calculated that "The Dykes' family private saleand gifting of 5,550,200 shares". The number of shares gifted/privately sold on my summary is 3,750,000

.
halcrow wrote: Here's a quick recap of insider Sedi filings from January 1, 2015, to present.

One might presume that private and gift transactions could be estate/tax planning.

Trevor Burns...sold all shares (84,000) in public market in February, 2015

S Dykes (Geologic Systems) sold 1,850,000 shares privately

S Dykes (Geologic Systems) bought 264,500 shares in public market.

L Dykes bought 1,009,750 shares in public market

L Dykes bought 625,000 shares under prospectus

L Dykes disposed of 644,250 shares privately

L Dykes gifted 750,000 shares

S Dykes bought 726,450 shares in public market

S Dykes disposed of 305,750 shares privately

S Dykes gifted 200,000 shares

S Dykes bought 312,500 shares under prospectus



peternotwitter wrote:
Something appears to be wrong in te filings of Dykes & Co. If Halcrow's Sedi filings post is correct with stock buys in public market being -S. Dykes (Geologic) 264,000, L Dykes 1,009,750 and S Dykes 726,450 which totals 2,000,200. This seems strange when total volume was 1,930,484 from Jan. 1 to today?

Also I dont quite understand Director Burns abandoning ship with what appears to be a positive financing event. The Dykes' family private saleand gifting of 5,550,200 shares does not seem as a normal practice. Also wish they would disclose who is the California investor is who invested in the silver stream?

House Positions for C:MLY from 20160101 to 20160225
House Bought $Val Ave Sold $Val Ave Net $Net
85 Scotia 547,464 49,162 0.09 271,596 22,144 0.082 275,868 -27,018
2 RBC 340,194 27,902 0.082 220,400 20,054 0.091 119,794 -7,848
68 Leede 100,000 9,000 0.09 2,000 187 0.094 98,000 -8,813
124 Questrade 102,500 9,395 0.092 48,500 4,060 0.084 54,000 -5,335
72 Credit Suisse 8,500 770 0.091 0   8,500 -770
95 Wolverton 9,566 765 0.08 6,730 608 0.09 2,836 -157
13 Instinet 18,000 1,425 0.079 17,000 1,660 0.098 1,000 235
58 Qtrade 750 82 0.109 0   750 -82
57 Interactive 0   30 2 0.067 -30 2
36 Latimer 9,000 799 0.089 10,000 980 0.098 -1,000 181
39 Merrill Lynch 0   1,000 80 0.08 -1,000 80
88 Credential 0   2,446 226 0.092 -2,446 226
74 GMP 0   4,000 340 0.085 -4,000 340
99 Jitney 65,000 5,180 0.08 70,000 6,230 0.089 -5,000 1,050
15 UBS 0   10,000 1,100 0.11 -10,000 1,100
80 National Bank 0   12,500 1,020 0.082 -12,500 1,020
19 Desjardins 0   16,500 1,317 0.08 -16,500 1,317
1 Anonymous 224,850 19,160 0.085 247,500 22,327 0.09 -22,650 3,167
7 TD Sec 443,530 37,528 0.085 466,382 38,600 0.083 -22,852 1,072
62 Haywood 0   30,000 2,465 0.082 -30,000 2,465
14 ITG 0   73,000 6,041 0.083 -73,000 6,041
79 CIBC 23,000 1,920 0.083 103,700 9,697 0.094 -80,700 7,777
9 BMO Nesbitt 38,130 3,269 0.086 317,200 27,219 0.086 -279,070 23,950
TOTAL 1,930,484 166,357 0.086 1,930,484 166,357 0.086 0 0



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