a probing analysis of macmin, page-28

Yes, PhillW, the Directors of this company have a bit of explaining to do, especially when you look at the Appendix 3Y statements.

As far as I can ascertain, the changes in Directors' interests are as follows:-

Denis M. McNeil:

SELLS 275,000 @ 0.21 on 24-31 Dec '07 for $57,750.00
BUYS 100,000 @ 0.17 (on market) 13/2/08 for $17,000.00
BUYS 100,000 @ 0.165 (on market) 18/2/08 for $16,500.00
BUYS 125,000 @ 0.20 (SRI) 20/2/08 for $25,000.00.

Don't forget the announcement to ASX on 2nd January 2008, that "Mr McNeil stated that the sale of his Macmin Silver Limited shares was to raise funds to participate in the Company's recently announced Entitlements Issue."

So, Denis has SOLD for $57,750.00, and only BUYS $25,000.00 from the Entitlements Issue.

Good "participation" there, Denis, well done.

R.D. "Bob" McNeil:

BUYS 50,000 @ 0.175 on 13/2/08 for $8,750.00.

Bob dodged the short straw, I think. Didn't buy any of the Entitlements Issue at all..... hmmmmmm.....

Peter Andrew McNeil:

EXERCISES 75,000 options @ 0.20 cost $15,000 on 7/11/07
SELLS 312,500 @ 0.295 for $92,187.50 on 9/11/07.

Doesn't participate in the Entitlements Issue at all.

Good one, Pete, obviously you got the longest straw.

Edgar George Norman:

BUYS 10,028 @ .20 on 20/2/08 for $2,005.80.

Yep, that's a full take up of his 1 in 5 entitlements, and I guess that Edgar took an arse-pounding for the team, and that he drew the short straw.

This is only my analysis of the ASX Appendix 3Y filings, and if I am incorrect, I'd would be only too happy to modify what I have posted.