RE:RE:RE:WellI think that your statement is a very narrow view of what the insiders are doing.
If you look at the timing of insider sales, or class of shares being sold, really only the one Deemed Insider is obviously paring back a large position for profit taking.
The officers of the company are exercising options they have been holding for a long period of time before they expire, and selling them into the market, or selling restricted shares they have likely also been holding for quite a while (that was them putting skin in the game BTW). That is largely how they get paid for their time and effort in building this company to be as strong as it is.
Should insiders hold all of their shares forever? Do you have any holdings that you can sell or could have sold for 5x - 10x what you paid for them? If you are holding for higher, that is your choice, but I do not find it unreasonable for someone to sell under those circumstances.
So in addition to insiders, there are probably a bunch of people that are selling shares they bought a year ago for a staggering profit. I should have been one of them when the stock was north of $6.50, but hindsight is 20-20. I also happen to agree many that copper is headed to higher mountains in the next 6 - 12 months and so I am content to hold through this recent pullback.
From what I can see, no major officer has completely divested themselves of their positions. For example, the CEO is still holding ~2M common shares in addition to all of his other options, restricted, and performance shares (~7.5M more shares). CFO holds ~2.2M shares, another officer holds ~4.8M shares, etc.
All told, in the last 3 months, insiders account for about 3.5M - 4M shares or so of trading. Across all exchanges, we pull that kind of volume within a day or two, sometimes more than that in a day. I think their impact has been minimal.