civil action???, page-2

DavoMagic,

the way to do it would be to lodge a complaint with ASIC and have them request information from directors about the dates assay results received.

The problem you would have is proving that the sell down arose from insider trading. You would need to prove causation i.e. the non-disclosure of results and leaking of information to insiders who sold down caused your loss.

Don't like your chances.

Better for ASIC to trawl through all sales from November last year onwards to form an opinion as to whether any insider trading has occurred.

What would really annoy me is if the more prospective parts of Cerro Curunday are now drilled (such as those areas that had artisanal workings lower down the mountain) and insiders are now buying ahead of what could be good drilling results.

You have to wonder what Michael Sebbagg at $2500/day is doing now.

You have to wonder how much credibility Kathirivelu has lost with shareholders in the last 3 months. Once lost credibility is hard to get back.