Crystallex insiders unload shares

Insider trading reports issued by the Ontario Securities Commission (OSC) show that R.A. Nihon and L.M. Riccio, directors of Crystallex International (KRY-T), were active sellers of that company’s shares over the summer.

R.A. Nihon sold 105,000 shares indirectly at US$4-5.38 to hold 165,000 shares and was granted 1,005,000 options indirectly at US$3.49-5.90 to hold 1,255,000 options; L.M. Riccio exercised 30,000 warrants at $2.80-3 and sold 30,000 shares at $7.37-7.50 to hold 5,000 shares and 100,000 options.

Other insider trading reported by the OSC in recent weeks include the following:

* Adrian Resources (ADL-T) — Chet Idziszek, director, sold 46,800 shares at $1.60-2 to hold 408,300 shares.

Ambrex Mining (AMBX-C) — Victor Retamal Araya, director, sold 220,000 shares at US10cents to US21cents to hold 880,000 shares.

* Anvil Range (ARO-T) — Cominco (CLT-T) bought 5 million warrants at $3 to hold 5 million warrants; Keith Sparr, director of a major shareholder, sold 10,000 shares indirectly at $3 to hold no shares.

* Atna Resources (ATN-T) — W.J. Coulter, director, sold 6,000 shares at $3.30-3.75 and bought 41,500 shares at $3.20-3.35 to hold 420,475 shares directly. He also bought 3,000 shares at $3.40 and sold 10,000 shares at $3.95-4.05 to hold 136,800 shares indirectly.

* Band-Ore Resources (BAN-T) — R.B. Durham, director, bought 8,500 shares at $2.15 to hold 145,600 shares; Robert Duess, director, bought 11,000 shares at $2.15-2.25 to hold 690,100 shares; Roy Lacey, director, sold 14,800 shares at $2.20 to hold 1.4 million shares; W.J. O’Connor, director, bought 17,000 shares at $2.15-2.25 to hold 1.7 million shares.

* Banro Resources (BNRS-C) — A. Kondrat, director, sold 10,000 shares at $9.25-10 to hold 14,000 shares directly and 1.15 million shares through Sterling Portfolio Securities; Michael Nikiforuk, director, sold 2,500 shares at $7.75 to hold 82,500 shares.

* Breakwater Resources (BWR-T) — G.G. Clow, officer, exercised 33,000 options at $2.40 and sold 33,000 shares at $6.50-6.75 to hold 6,502 shares and 207,000 options.

* Chesbar Resources (CBI-T) — Dorothy Desroches, officer, sold 46,000 shares at $1.25-1.45 to hold 241,836 shares directly and 295,505 indirectly.

* Corriente Resources (CTA-T) — R.W. Lane, holding more than 10%, bought 10,000 shares at $4 and sold 6,000 shares at $2.50-14.05 to hold 8,900 shares and 165,000 options; K.R. Shannon, director, exercised 100,000 options at $1.08 to hold 662,250 shares, and was granted 300,000 options at $2.53 to hold 665,000 options.

* Cumberland Resources (CBD-T) — G.D. Dickson, director, sold 15,900 shares at $2.40-3 to hold 158,271 shares directly and 21,800 shares through an RRSP; W.E. McCrindle, director, exercised 5,000 warrants at $2.19 to hold 237,937 shares.

* Dia Met Minerals (DMM.A, DMM.B-T) — James Eccott, director, sold 6,600 shares at $29.40-30.15 to hold 257,400 shares; A.E. Miles, holding more than 10%, exercised 1,000 class A options at $16.75 and sold 1,000 shares at $25 to hold no shares.

* Diadem Resources (DIR-M) — A.C.A. Howe, director, bought 10,000 shares at $1.15 to hold 1.2 million shares.

* Eden Roc Mineral (EDN-T) — Kurt Schlapfer, director, bought 57,500 shares at $1.25-1.30 through BNP (Switzerland) to hold 80,000 shares indirectly.

* Euro-Nevada Mining (EN-T) — Ron Binns, officer, bought 1,000 shares at $22.25 to hold 1,000 shares; Seymour Schulich, director, gave 150,000 shares as a gift to hold 6 million shares indirectly.

* Farallon Resources (FAR-V) — Scott Cousens, director, sold 16,000 warrants, exercised 75,750 warrants at $6.25 and sold 72,250 shares at $6.30-6.76 to hold 256,825 shares; Jeffrey Mason, director, exercised 61,650 warrants at $6.25 and sold 65,650 shares at $6.30-7.15 to hold 310,450 shares.

* Franco-Nevada Mining (FN-T) — AIC Ltd. bought 20,000 shares at $61.07 through the Advantage II fund; Ron Binns, officer, bought 1,000 shares at $33.85 to hold 1,000 shares; David Harquail, officer, sold 4,600 shares indirectly at $34 to hold 100 shares.

* Geomaque Explorations (GEO-T) — M.R. Carter, director of an affiliated company, exercised 20,000 options at $1.52 and sold 20,000 shares at $3.65-3.70 to hold no shares; N.R. Paterson, director, exercised 20,000 options at $1.28 and sold 20,000 shares at $3.50-3.70 to hold no shares; and Philip Walford, director, sold 30,000 shares at $3.00-3.72 to hold 1,100 shares.

* Ghana Gold Mines (GGM-T) — David Beatty, director, bought 147,600 shares at US25cents to US28cents and sold 10,000 shares at US21cents to hold 137,600 shares.

* Glamis Gold (GLG-T) — C.F. Millar, director, sold 18,629 shares at $9.30-9.33 to hold 365,600 shares and sold 50,000 options at $9 to hold 150,000 options.

* Gran Colombia Resources (GRM-t) — Ophir Investment Fund sold 500,000 shares at 75cents to 76cents to hold 3,116,700 shares.

* Greenstone Resources (GRE-T) — R.N. Raymond, director, sold 21,300 shares at $12.75-13.60 to hold 171,521 shares directly, 486,111 shares through Feejay Corp. Canada and 333,200 shares through Lonejo Inc.

* Indochina Goldfields (ING-T) — Robertson Stephens & Co. bought 361,500 shares at US$4.47-4.49 to hold 9.5 million shares, as well as 9.2 million shares through the Robertson Stephens Contrarian fund.

* International Precious Metals (IPMC-C) — The Capital Group Companies sold, through various trusts and banks, 263,700 shares at $6.19-7.13 to hold 1.8 million shares.

* International Pursuit (IPJ-T) — S.R. Dattels, director, bought 25,200 shares at $1.35-1.50 to hold 50,000 shares.

* Java Gold (JVAG-C) — S.R. Dattels, director, exercised 145,000 options at 70cents and sold 145,000 shares at 85cents to 86cents to hold no shares; International Pursuit sold 500,000 shares at 42cents to 59cents to hold 3.4 million shares.

* Kazakhstan Minerals (KMC.U-T) — Ophir Investment Fund sold 29,300 shares at $1.15-1.27 to hold 4.6 million shares.

* Kinross Gold (K-T) — J.A. Brough, director, exercised 25,000 options at $4.30 and sold 25,000 shares at $6 to hold no shares and 70,000 options; D.B. Rovig, director, sold 10,000 shares at US$4.25-4.50 to hold 360,350 shares.

* Madison Enterprises (MNP-V) — Nell Dragovan, director, bought 25,000 shares at $1.90-2 to hold 811,800 shares directly and 10,133 shares indirectly; Chet Idziszek, director, bought 64,500 shares at $2-2.10 to hold 921,451 shares; D.B. Matthews, bought 10,200 shares at $1.99-2.32 and sold 4,900 shares at $2.05-2.30 to hold 173,600 shares.

* Manhattan Minerals (MAN-T) — Harry Sutherland, officer, bought 1,800 shares at $7.20-7.65 through an RRSP to hold 7,500 shares indirectly, 4,500 shares directly and 5,000 shares through S. Sutherland; Peter Tegart, director, sold 4,500 shares at $7.41-7.85 to hold 363,050 shares; Brian Lock, director, sold 5,300 shares at $7.50-7.55 to hold 54,100 shares directly and sold 2,500 shares at $6.70 to hold 9,800 shares through Brigill Investments.

* Moss Resources (MRS-T) — Harry Hodge, director, bought 21,000 shares at 30cents to 42cents to hold 2.1 million shares directly and 239,892 shares indirectly.

* Nar Resources (NRL-M) — Stanley Hawkins, director, bought 25,000 shares at $2-2.15 to hold 504,588 shares.

* Nevsun Resources (NSU-T) — Craig Angus, director, sold 20,000 shares at $4.50-4.75 to hold 71,383 shares.

* Oliver Gold (OGO-V) — R.K. Netolitzky, director, bought 100,000 shares at 70cents to 73cents to hold 230,000 shares.

* Oroperu Resources (OROP-C) — Ophir Investment Fund sold 166,400 shares at $1.50-1.55 to hold 2.8 million shares.

* Orvana Minerals (ORV-T) — L.W. Freeman, director, was granted 90,000 options and exercised 29,800 options at 22cents. He then sold 29,800 shares at $6.70 to hold 172,269 shares and 358,200 options; David Robertson, director, sold 6,800 shares at $4.60-6.60 to hold 50,264 shares.