Colossus Minerals : High Grade Noble Metals Projects in Brazil

A development-stage mining company focused on bringing into production the high-grade gold-platinum-palladium Serra Pelada project, located in the mineral prolific Carajas region in Para State, Brazil

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INSIDER SELLING

posted on May 11, 2009 03:46AM

Inca Kola News, live from LatAm

Monday, May 11, 2009 12:07 PM
From:
"IKN" <otto.rock1@gmail.com>
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Colossus (CSI.to): What does Augusto Kishida

know that we don't?

Posted: 10 May 2009 07:46 AM PDT

Here we go again with insider sales at Colossus Minerals (CSI.to).

Colossus Minerals Inc. (CSI)

 As of May 9th, 2009
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
May 09/09 Apr 30/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -500 $2.970
May 09/09 Apr 30/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -200 $2.960
May 09/09 Apr 30/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -5,200 $2.950
May 09/09 Apr 30/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -14,100 $2.900
Apr 24/09 Apr 16/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -20,000 $2.300
Apr 24/09 Apr 16/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $2.280
Apr 09/09 Mar 31/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -100 $2.160
Apr 09/09 Mar 31/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -9,900 $2.150
Apr 09/09 Mar 31/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -15,000 $2.100
Apr 09/09 Mar 26/09 Kishida, Augusto Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $2.100


Now if the Kishida dude (62 years old, so knows the world well) were some suit or seeder there might be less to worry about. But the guy is VP Exploration! Here's his biog, as per the FT:

Mr. Augusto Kishida serves as Vice President, Exploration of the Colossus Minerals Inc since December 2006; prior to which he was an independent consultant since June 2003; Vice President, Exploration for Black Swan Resources between May 1993 and June 2003. He is Engineer, CREA 1967 M.Sc.U. Federal Bahia, 1979 Ph. D. University of Western Ontario, 1984.

So why is he so, but so keen to cash out on Colossus in 20k blocks of his stock? This guy, after all, is the guy on the ground over there in Brazil (and if he isn't he's not doing justice to the job title). If I were holding CSI.to (which I most definitely am not) I'd be concerned. You concerned?

Oh, by the way, did you notice the name of Kishida's previous company? 'Black Swan Resources'. I presume by now that you understand the concept of Taleb's Black Swan. Kind of a weird coincidence, n'est-ce pas?
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