Agoracom: Small Cap Investment - Seafield Resources - from IKN - loads of insider selling versus James West's call

Seafield Resources Ltd

Mazatlan, Mexico - Dryden, n/w Ontario - Fire project, ROF McFauld’s Lake On

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twilight

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from IKN - loads of insider selling versus James West's call

posted on Dec 16, 2010 11:20AM

12/16/10

Seafield's mgmt team didn't get James West's memo

According to his own publication, James West has been busy buying up all the share of Seafield (SFF.v) he could buy. He's probably still buying big chunks in fact, what with his "accumulate to $1" call on the stock. Luckily for him there's no liquidity problems in the stock as he's found some willing sellers...namely the mgmt team itself:

Seafield Resources Ltd. (SFF)	As of December 15th, 2010
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Dec 14/10	Dec 10/10	Pirie, James	Direct Ownership	Common Shares	10 - Disposition in the public market	-300,000	$0.610
Dec 14/10	Dec 09/10	Pirie, James	Direct Ownership	Common Shares	54 - Exercise of warrants	200,000	$0.160
Dec 14/10	Dec 09/10	Pirie, James	Direct Ownership	Warrants	54 - Exercise of warrants	-140,000
Dec 14/10	Dec 09/10	Pirie, James	Direct Ownership	Warrants	54 - Exercise of warrants	-60,000
Dec 14/10	Dec 09/10	Pirie, James	Direct Ownership	Common Shares	10 - Disposition in the public market	-350,000	$0.610
Dec 13/10	Dec 09/10	Roodenburg, Anthony Ralph	Direct Ownership	Common Shares	10 - Disposition in the public market	-1,000,000	$0.600
Dec 13/10	Dec 09/10	Roodenburg, Anthony Ralph	Direct Ownership	Common Shares	54 - Exercise of warrants	600,000	$0.160
Dec 13/10	Dec 09/10	Roodenburg, Anthony Ralph	Direct Ownership	Common Shares	54 - Exercise of warrants	250,000	$0.100
Dec 13/10	Dec 09/10	Roodenburg, Anthony Ralph	Direct Ownership	Warrants	54 - Exercise of warrants	-400,000
Dec 13/10	Dec 09/10	Roodenburg, Anthony Ralph	Direct Ownership	Warrants	54 - Exercise of warrants	-200,000

So either this West character is stupid and was buying stock at all prices over 60c that's deemed expensive by Seafield's (SFF.v) very own management, or he's in cahoots with them. You be the judge, but I just think he's plain dumb stupid personally. By way of evidence look no further than the way he was caught with his pants round his ankles re SFF on December 3rd and wasn't even able to read and interpret the simplest of drill maps.

Mind you, he did do the same thing when pumping Mosquito (MSQ.v) a while back...funny how that call didn't work out for him, either. Nah....I'm thinking about this too much...the dude is just stupid.

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