Robert Fung did not sell all his stock to hold zero shares.
He holds about 1,000,000 shares according to the Northern Miner
report.
Oppenheimer holds about 1,000,000 shares and options together
according the the VP of Crystallex.
Insider trading reports of the type you got are notoriously inaccurate.
Company Losses were related to expenditures on exploration worldwide and the court case, not the cost of mining gold which is in the low $200.00's per ounce.
700,000 on furniture sounds good if you plan to seat a staff of a profit making company and have them using good computers. I hate those offices where everybody sits on orange crates and squints at solar calculators. To put this in perspective, the Esso gas station down the road (8 pumps) spent 1,000,000 on installing a car wash and renovations. A computer store not far distant spent 50,000 on benches, tables and shelves for their repair and sales staff of 10 people. A restaurant in town operated by a friend of mine cost 500,000 to do interiors and install the kitchen 15 years ago. An office desk is 1500.00 for an average one. A decent chair is 600.00 and the computer that sits atop it will be 5,000. Add rugs, drapes, table lighting, foyer furniture and drafting tables, light tables, map hangers, etc and you have a few bucks it outfit a staff of 20.
echarter@vianet.on.ca
The Canadian Mining Newsletter
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