Driven by its growing portfolio of base metal, gold and diamond prospects, Rhonda Mining (ASE) jumped from 40 cents in mid-April to a high of $4.30 recently.
In late July, President Peter Gummer took advantage of the summer rally to sell 4,400 shares for $2.72-$3 to hold 39,900.
As soon as the wheat has been harvested near Prince Albert, Sask., Rhonda, along with partners Claude Resources and Aaron Oil, will launch a 3-hole program to test for the source of a diamond-bearing boulder. The company’s target is a ring structure thought to represent the top of a kimberlite volcano or “crater zone.”
In the Northwest Territories, the junior stands to earn a 50% interest in the Woolgar property, where Noranda is following up an encouraging copper discovery made last year.
Other transactions completed recently include:
Goldteck Mines (TSE) — John Warrington bought 1.4 million privately for 3 cents to hold 1.4 million.
Habsburg Resources (VSE) — Stafford Kelley, president, sold 109,412 for 24-25 cents to hold 273,205 directly and indirectly.
International Platinum (TSE) — Roger Desloges, director, exercised options to buy 62,000 for 5 cents to hold 62,000.
Waddy Lake Resources (TSE) — John Wright, director, bought 167,000 for 20 cents to hold 334,000 directly and indirectly.
Franco-Nevada Mining (TSE) — A transaction reported previously (T.N.M., Aug. 31/92) should have read: director Robert Luba exercised an option to buy 50,000 shares for $12 and later sold 20,000 shares for $30-30.75 to hold 33,000.
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