Bill,
Happy Thanksgiving to you and the family. Any thanks for the cafe. It's been quite an education.
Got the following re insider buying/selling of the larger caps from Kaplan's site. After a half bottle of red, I tried counting the number of SALES, but there was such a blur of PURCHASES, I had to give up. I think there might have been three SALES. Looks very promising wouldn't you say? Makes me wonder what the junior insiders are doing.
"On Monday, August 24, 1998, Eppler W. Durand, officer of Newmont Mining Corp. (NEM), announced a PURCHASE on August 11 of 700 shares at a price of 17.25 per share, bringing his total holdings to 2,215 shares. On Thursday, September 3, 1998, Doug Ramshaw, Vice President of Azco Mining Inc. (AZC), announced a PURCHASE on August 17 of 10,000 shares at a price of 0.50 per share, bringing his total holdings to 10,000 shares. On Friday, September 4, 1998, Lawrence T. Kurlander, Vice President of Newmont Mining Corp. (NEM), announced a PURCHASE on August 5 of 3,000 shares at a price of 18.94 per share, bringing his total holdings to 12,376 shares. On Tuesday, September 8, 1998, Bruce G. Hansen, Vice President of Newmont Mining Corp. (NEM), announced a PURCHASE on August 27 of 3,000 shares at a price of 14.94 per share, bringing his total holdings to 11,373 shares. On Tuesday, September 8, 1998, Thomas Arthur Holmes, director of Newmont Mining Corp. (NEM), announced a PURCHASE on August 21 of 10,000 shares at a price of 17.81-17.88 per share, bringing his total holdings to 16,948 shares. On Tuesday, September 8, 1998, George B. Munroe, director of Newmont Mining Corp. (NEM), announced a PURCHASE on August 25 of 1,000
shares at a price of 16.88 per share, bringing his total holdings to 3,089 shares. On Tuesday, September 8, 1998, Michael K. Reilly, director of Newmont Mining Corp. (NEM), announced a PURCHASE on August 27 of 5,000 shares at a price of 14.75 per share, bringing his total holdings to 15,000 shares. On Wednesday, September 9, 1998, August
Von Fink, beneficial owner of Homestake Mining Co. (HM), announced a PURCHASE on August 3 through August 13 of 3,110,600 shares at a price of 10.39-11.01 per share, bringing his total holdings to 30,000,000 shares. On Thursday, September 10, 1998, Thomas P. Bausch, treasurer of Battle Mountain Gold Co. (BMG), announced a PURCHASE on August 7 of 5,000 shares at a price of 4.50 per share, bringing his total holdings to 10,833 shares. On Thursday,September 10, 1998, Bobby L. Lackey, director of Freeport Mc-Moran Copper and Gold Inc. (FCX.A), announced a SALE on August 3 of 1,006 shares at a price of 14.69 per shares, reducing his total holdings to 861 shares. On Thursday, September 10, 1998, Peter J. Neff, director of Homestake Mining Co. (HM), announced a PURCHASE on August 11 of 1,800 shares at a price of 10.63 per share, bringing his total holdings to 1,800 shares. On Friday, September 11, 1998, David A. Baker, officer of Newmont Mining Corp. (NEM), announced a PURCHASE on August 26 of 1,000 shares at 16.56 per share, bringing his total holdings to 1,922 shares. On Friday, September 11, 1998, John A. S. Dow, vice president of Newmont Mining Corp. (NEM), announced a PURCHASE on September 2 of 2,000 shares at a price of 14.38 per share, bringing his total holdings to 3,896 shares. On Tuesday, September 15, 1998, Ross F. Burns, vice president of Royal Oak Mines Inc. (RYO), announced a PURCHASE on July 22 through July 29 of 3,000 shares at a price of 1.49-1.53 per share, bringing his total holdings to 258,779 shares. On Tuesday, September 15,
1998, William F. Lindqvist, vice president of Homestake Mining Co. (HM), announced a PURCHASE on August 7 of 500 shares at a price of 10.63 per share, bringing his total holdings to 1,163 shares. On Thursday, September 17, 1998, Conrad J. LaVigne, director of Royal Oak Mines Inc. (RYO), announced a PURCHASE on July 22 through July 23 of
15,000 shares at a price of 1.50 per share, bringing his total holdings to 30,000 shares. On Thursday, September 17,
1998, Arthur Brown, Chairman of the Board of Hecla Mining Co. (HL), announced a PURCHASE on August 28 of 5,000 shares at a price of 3.81-3.88 per share, bringing his total holdings to 24,962 shares. On Friday, September 18, 1998, Trevor Schultz, director of Ashanti Goldfields Co. Ltd. (ASL), announced a PURCHASE on September 17 of
5,000 shares at a price of 7.00 per share, bringing his total holdings to 15,851 shares. On Tuesday, October 6, 1998, Robert J. A. Irwin, Chairman of the Board of ASA Ltd. (ASA), announced a PURCHASE on September 24 of 500 shares at a price of 20.50 per share, bringing his total holdings to 1,700 shares. On Wednesday, October 7, 1998,
Richard A. Tastula, Vice President of Homestake Mining Co. (HM), announced a PURCHASE on September 9 of 3,000 shares at a price of 10.88 per share, bringing his total holdings to 3,000 shares. On Wednesday, October 7, 1998, Roger A. Kauffman, officer of Hecla Mining Co. (HL), announced a PURCHASE on September 1 of 2,000 shares at a price of 3.50 per share, bringing his total holdings to 3,382 shares. On Thursday, October 8, 1998, Robert H. Quenon, shareholder of Newmont Mining Corp. (NEM), announced a PURCHASE on September 1 of 5,000 shares at a price of 14.25 per share, bringing his total holdings to 5,374 shares. On Thursday, October 8, 1998, James S. Goff, Vice
President of Alta Gold Co. (ALTA), announced a PURCHASE on September 4 of 5,000 shares at a price of 1.31 per share, bringing his total holdings to 35,000 shares. On Thursday, October 8, 1998, Peter Clarke, director of Echo Bay Mines Ltd. (ECO), announced a SALE on September 28 of 6,500 shares at a price of 3.48-3.51 (Canadian) per share,
and another SALE on October 1 of 5,000 shares at a price of 3.90 (Canadian) per share, reducing his total holdings to 18,500 shares. This is significant because it marks the first insider sale of any gold mining executive since August 3. On Friday, October 16, 1998, William S. Davis, Chief Financial Officer of Sunshine Mining and Refining Co. (SSC), announced a PURCHASE on August 27 of 10,000 shares at a price of 0.75 per share, and another PURCHASE on September 20 of 10,000 shares at a price of 1.25 per share. On Friday, October 16, 1998, George R. Johnson, Vice President of Hecla Mining Co. (HL), announced a PURCHASE on August 31 of 500 shares at a price of 3.75 per share, bringing his total holdings to 500 shares. On Friday, October 16, 1998, John Skadow, affiliated person of Royal Gold Inc. (RGLD), announced a PURCHASE on September 23 of 300 shares at a price of 3.75 per share, bringing his total holdings to 4,060 shares. On Friday, October 16, 1998, James W. Stuckert, director of Royal Gold Inc.(RGLD), announced a PURCHASE on September 1 through September 2 of 9,124 shares at a price of 3.50 per share, bringing his total holdings to 59,124 shares. On Tuesday, October 20, 1998, the Malaysia Mining Corporation, shareholder of Homestake Mining Co. (HM), announced a SALE on September 24 of 3,544,720 shares at a price of 11.32 per share, reducing their total holdings to 18,715,671 shares. On Friday, November 13, 1998, Thomas A. Loucks, vice president of Royal Gold Inc. (RGLD), announced a PURCHASE on October 2 of 1,000 shares at a price of 4.50 per share, bringing his total holdings to 350,778 shares. On Friday, November 13, 1998, James W. Stuckert, director of Royal Gold Inc. (RGLD), announced a PURCHASE on October 30 of 5,000 shares at a price of 4.50 per share, bringing his total holdings to 64,124 shares. On Monday, November 16, 1998, Eric Paul McClintock, director of Homestake Mining Co. (HM), announced a SALE on October 8 of 4,000 shares at a price of 14.19 per share, reducing his total holdings to 8,230 shares. On Tuesday, November 17, 1998, Philip M. Spicer, president of Central Fund of Canada (CEF), a closed-end bullion fund, announced a SALE on November 2 of 400 shares at a price of 0.87 per share, reducing his total holdings to 9,588 shares. Sources for all insider transactions: Federal Filings and First Call.
Due to the sustained surge in insider buying by gold mining corporate executives, this indicator is SIGNIFICANTLY BULLISH." |
