classic insider trading information case, page-6

I don't see any evidence of inside trading. All I can see is that one-up has spoken to the company geo and sold as a result.

It's not illegal to speak to company directors and employees if they don't disclose market sensitive information to you.

one-up could've just been discussing the significance of the drill results with the geo, how he rates the deposit as it stands, whether he thinks there's a good chance of a profitable mine there. If I were a prospective investor in AEX they'd be questions I'd ask him. The company can only disclose so much within ASX releases so it's up to the investor to contact the company to get a better picture.

It's a very useful tool (having a chat with directors) that many new investors don't appreciate. It can instantly dispell some falacies being thrown about. In the past I've asked a gold explorer who've just bought a new deposit what its own estimates are of its operating costs, revenues, capital costs and worth of the project. (they were just back of envelope numbers done by the company, very early stage and def. not market sensitive as they were using information in the public domain to work out their values) It was amazing how far off some investors on HC were with their own estimates of the deposit's value.