CEO has bought 900k shares since April 18th

7km’s of gold vault strike between 3 gold producers

In one of the largest gold producing regions in Canada

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Francis Dube

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CEO has bought 900k shares since April 18th

posted on May 13, 2008 06:58PM

these are all the transactions that involved the CEO since April 18:

April 18th	10k@83	10
April 22nd	10k@83	10
April 25th	45k from 81-86	45
April 30th	100k options @35	0
April 30th	100k shares	100
April 30th	10k@79	10
April 30th	sold 590k from 80-83	-590
May 2nd	private acquisition 152.5k@0.80	152.5
May 2nd	private acquisition warrants 76.25@90	76.25
May 5th	26.5k@83-84	26.5
May 5th	options 70k@35	70
May 5th	warrants 839k@35-36	839
May 8th	150K@90	150

Total		899.25

As you can tell, the CEO, in the last month has netted out close to 900k shares at an average of 51 cents. However 480k shares were bought at market in that time period. The 590k sold was on those days that crosses were organised. I was told that this was to shore up our cash position and to get shares in the hands of supporting houses. This is questionable of course but the 480k shares purchased at market in the last month balance that out almost so I do not think there is any mal intent in his actions but I will question him next Monday when he is back from his trip. Otherwise, this is very bullish in my opinion. A CEO that takes 463k dollars of his own money to by shares at market pretty much is obviously thinking that his company is going places...