As noted on the SGR board, Rick Boulay sold some of his SGR shares:

San Gold Corp. director Richard Boulay sold 61,500 company common shares at prices ranging from 1.20 to 1.35 on Jan. 5 through Jan 8, 2009, bringing these holdings to 746,763 shares. He also sold 25,000 common shares through Brava Management Inc. at $1.20 each on Jan. 6, 2009, bringing these holdings to 65,000 shares.

Hotmuck suggested, and I agree with him, that this was likely done to finance the purchase of MMU shares in the PP now in process.

Interesting thought. If Rick thinks this is a smart move (and he has a better chance of knowing why it would be a smart move than we would), then why would we not do the same? And even if we cannot get in on the PP, buying shares of MMU at .08 or .09 could quite easily make a double or triple as MMU has already traded there in recent times. SGR hasn't yet traded at double or triple it's current SP.

Further, MMU traded at those double or triple times today's value while it still had very little going for it other than its association with SGR. If some good, mineable grades were found on MMU's property, can you imagine what it would go to?

Perhaps a little more speculative, but arguably MMU has a much better chance of yielding a higher return on investment than SGR itself [and the same argument could apply to Wildcat, although I think it is a little less directly linked to SGR than MMU is.] JMHO.

NorthLion