Prudent Bear Funds beefs up Western Silver holdings

Recent insider trading transactions reported by the Ontario Securities Commission include the following:

q Alamos Minerals (AAS-V) — Chester Millar, director, bought 258,000 shares at 47-53 apiece to hold 882,500 shares; Stephen Stine, director, bought 20,000 shares at 35 and was granted 50,000 options that can be exercised at 50 each to hold 20,000 shares and 250,000 options; Nerio Cervantes, director, exercised 5,000 warrants at 45 each to hold no warrants and 15,750 shares.

q Aurogin Resources (AUQ-V) — John Paterson, director, exercised 120,000 options at 10, bought 7,000 shares at 12 or 15, and sold 105,000 shares at 11 or 15 to hold 38,000 options and 354,000 shares.

q Aurora Platinum (AARP-V) — Exploration Capital Partners, which must report its transactions by virtue of owning more than 10% of the company, sold 9,300 shares at $3-3.46 to hold roughly 2.5 million shares; Exploration Capital Partners, 2000 Ltd., owner of more than 10%, sold 8,900 shares at $2.70 or $3.07 to hold roughly 1.4 million shares; John Paterson, officer, exercised 100,000 options at 77 to hold 175,000 options and 200,000 shares.

q Black Hawk Mining (BHK-T) — Paul Caldwell, officer, sold 175,433 shares at 16.5 to hold 169,444 shares.

q Canico Resource (CNI-V) — Richard Colterjohn, director, bought 100,000 shares directly or indirectly at $3.31 to hold 163,950 shares in all.

q Cumberland Resources (CBD-T) — William McCrindle, director, exercised 50,000 options at $2.20 and sold the resulting shares at $2.85 to hold 235,000 options and 195,000 shares; Jonathan Rubenstein, director, exercised 50,000 options at $2.20 and sold the resulting shares at $2.85 to hold 220,000 options and 70,900 shares.

q Darnley Bay Resources (DBL-V) — Richard La Prairie, director, sold 16,667 shares at 11-13 to hold 315,800 shares; William Allen, director, sold 58,166 shares at 9-11 to hold roughly 1.4 million shares; John Dowsett, director, sold 24,000 shares at 10-13 to hold 91,000 shares; Leon La Prairie, director, sold 58,000 shares at 11 to hold 141,500 shares, plus 751,142 shares indirectly.

q Double Star Resources (DSR-V) — Alan Savage, owner of more than 10% and a director, sold 501,500 Class A shares directly or indirectly at 35-50 and bought 72,500 shares indirectly at 45-47. He also acquired, under a prospectus exemption, 675,000 shares at 45 and 337,500 warrants with an unspecified strike price, and now holds roughly 4 million shares in all and 440,166 warrants.

q Etruscan Resources (EET-T) — Gerald McConnell, director, bought 15,000 shares at $1.40 to hold roughly 1 million shares, plus 854,434 shares indirectly.

q First Quantum Resources (FM-T) — Rupert Pennant-Rea, director, bought 10,000 shares at $4.27 and was granted 75,000 options exercisable at $3.81 to hold 10,000 shares and 75,000 options.

q FNX Mining (FNX-T) — David Constable, officer, exercised 10,000 options at $2.55 and sold 4,000 of the resulting shares at $7.15 to hold 50,000 options and 6,000 shares; Inco, owner of more than 10% of the company, exercised 496,879 warrants at $1.25 apiece and sold 273,800 of the resulting shares at $6.70-8.65 to hold no warrants and 4.72 million shares.

q Freegold Ventures (ITF-T) — Harry Barr, director, bought 4,000 shares at 45-48 and sold 34,500 shares at 45-51 to hold 403,298 shares.

q Gammon Lake Resources (GAM-T) — Terence Coughlan, director, sold 5,000 shares at $2.17 or $2.42 to hold 223,600 shares; Bradley Langille, director, bought 2,000 shares at $2.65 or $2.67 and sold 53,800 shares to hold roughly 1.1 million shares.

q GLR Resources (GRS-T) — Robert Kasner, owner of more than 10% and a director, bought 19,000 shares directly or indirectly at 42-50, plus about 1.35 million shares privately and indirectly at 37, and sold 1.25 million shares indirectly at 37 to hold roughly 2.6 million shares in all; and Robert Kasner, owner of more than 10% and a director, sold 10,000 shares at 4.35 to hold roughly 2.5 million shares.

q High River Gold Mines (HRG-T) — Derek Bullock, director, sold 10,000 shares at $2.25 or $2.35 to hold 10,000 shares; Driffield Cameron, exercised 20,000 options at $1.03 and sold the resulting shares at $2.27 to hold 280,000 options and 62,000 shares; Laurence Curtis, director, exercised 10,000 options at 60 and sold the resulting shares at $2.60 to hold 125,000 options and 10,500 shares, plus 3,500 shares indirectly.

q Lakota Resources (YLA-V) — George Breuler, director, bought 16,500 shares at $2.73-3.20 to hold roughly 3.6 million shares.

q Manhattan Minerals (MAN-T) — Richard Allan, director, sold 25,000 shares at 90 or $1 to hold 12,275 shares; Lawrence Glaser, director, bought 40,850 shares at 79 and sold 20,000 shares 92 or 94 to hold 509,475 shares.

q Miramar Mining (MAE-T) — Anthony Walsh, officer, sold 10,000 shares at $2 to hold 67,692 shares.

q Mountain Province Diamonds (MPV-T) — Jan Vandersande, director, exercised 18,000 options at 67 or $1.71 and sold 6,000 shares at US99-US$1.06 to hold 343,000 options and 48,000 shares; Elizabeth Kirkwood, director, exercised 5,000 options at 67 and sold 3,000 of the resulting shares at $1.72 to hold 145,000 options and 2,000 shares.

q Minefinders (MFL-T) — Herman King, director, sold 5,000 shares at $8 or $8.60 to hold 15,000 shares; Jon Morda, officer, exercised 4,000 shares at $3.30 and sold 3,700 of the resulting shares at $7.80-9.69 to hold 35,000 options and 300 shares.

q Nevsun Resources (NSU-T) — Gary German, director, sold 50,000 shares at $3.07-3.63 to hold 60,000 shares.

q NFX Gold (YNX-V) — Norfield Minerals, owner of more than 10%, sold 431,000 shares at 6-9 to hold roughly 6.5 million shares.

q Pure Gold Minerals (PUG-T) — Eugene Beukman, director, sold 225,000 shares at 11-11.5 and was granted 50,000 options exercisable at 10 to hold 25,500 shares and 839,271 options.

q Richmont Mines (RIC-T) — Jean-Guy Rivard, director, sold 30,000 shares at $6.01-6.10 to hold 115,000 shares; Eugene Spiering, officer, exercised 43,333 options at 62 and sold the resulting shares at $2.05-2.25 to hold 276,667 options and 40,000 shares.

q Rubicon Minerals (RMX-V) — John Tognetti, owner of more than 10%, bought 260,000 shares at 97-$1.02 and sold 74,500 shares at 73-$1.05 to hold roughly 3.9 million shares.

q Senator Minerals (YSN-V) — Lana Simon, owner of more than 10% and an officer, sold 380,000 shares at 13-27 to hold 415,000 shares.

q Southpoint Resources (SPR-V) — Michael Ratushny, director, bought 32,800 shares at $1.20 or $1.40 to hold 573,700 shares; and Archibald Nesbitt, bought 6,400 shares directly or indirectly at $1.20-1.40 to hold 391,133 shares in all.

q Tan Range Exploration (TNX-T) — Marek Kreczmer, director, bought 4,000 shares at $1.33, exercised 40,000 options at 50 and sold 40,000 shares at $1.40-1.43 to hold 845,000 options and 254,994 shares; Oliver Lennox-King, director, exercised 115,000 options at 33 and sold the resulting shares at 97-$1.05 to hold 200,000 options and no shares; Florian Ngunangwa, officer, exercised 50,000 options at 45 and sold the resulting shares at $1.50 to hold 90,000 options and 83,000 shares.

q Taseko Mines (TKO-V) — Robert Dickinson, director, sold 125,000 shares indirectly at 58 or 60 and 47,000 shares indirectly at US41-59 to hold 62,982 shares indirectly.

q Tenke Mining (TNX-T) — William Rand, director, sold 125,000 shares privately at 75 to hold none; Lukas Ludin, director, bought 8,300 shares at $1.03 or $1.04 to hold 262,560 shares.

q TVI Pacific (TVI-T) — Clifford James, director, sold 500,000 shares privately and indirectly at 11 to hold roughly 5.6 million shares; Peter Richards, director, sold 250,000 shares directly or indirectly at 11-15 to hold roughly 1 million shares in all; Jan Horejsi, director, exercised 365,000 warrants at 5 or 11 and sold 816,500 shares indirectly at 11-14.5 to hold roughly 2.3 million warrants and 1.3 million shares indirectly; Wilfrid Loucks, director, sold 200,000 shares at 11 to hold roughly 1.3 million shares.

q Viceroy Resource (VOY-T) — Robert Matthews, director, sold 71,000 shares at 42.5-43 to hold 250,000 shares.

q Wallbridge Mining (WM-T) — Douglas Hunter, director, sold 25,000 shares at $1.84-2.12 to hold 983,500 shares.

q Western Silver (formerly Western Copper Holdings) (WTC-T) — Prudent Bear Funds, owner of more than 10%, bought 262,600 shares indirectly at $1.82-2.02 to hold roughly 3.3 million shares; Lawrence Page, director, sold 22,000 shares at $3.93-4.09 to hold none; Thomas Patton, who is considered an insider, sold 94,500 shares at $3.90 to hold 110,500 shares.

q Western Quebec Mines (WQM-T) — Robert Landis, director, bought 30,000 shares indirectly at $1.30 and sold 22,500 shares privately and indirectly at $1.30 to hold 327,500 shares; Donald Orr, director, bought 51,898 shares at $1.20 to hold 99,535 shares.

q Wolfden Resources (YWO-V) — Iain Downie, owner of more than 10% and a director, sold 66,988 shares at $1.50-1.71 to hold 414,500 shares.