Insiders loading up at $.125

Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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kanta

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Insiders loading up at $.125

posted on May 29, 2010 06:39PM

Not only did insiders take down a big chunk of the latest PP at $.125 with warrants at $.15 but they just loaded up on Options at $.125.

I doubt that they intended to make $.005 per option

Transaction Shares/ Account

Date Insider Name Ownership Type Nature of Transaction Security Price ($) Units Change* Account Balance

May 26/10 Harrington, Michael s Direct Ownership Public market sale Common Shares USD 0.123 -20,000 -1% 2,020,000

May 06/10 Reid, Bruce Direct Ownership Grant of options Options 0.125 1,000,000 > 100% 1,685,000

May 06/10 Saint-Pierre, Luce Direct Ownership Grant of options Options 0.125 1,500,000 52% 4,406,000

May 06/10 Flett, Douglas Melville Direct Ownership Grant of options Options 0.125 1,500,000 97% 3,050,000

May 06/10 Fink, Richard Direct Ownership Grant of options Options 0.125 1,000,000 > 100% 1,685,000

May 06/10 Masters, Thomas Edward Direct Ownership Grant of options Options 0.125 1,400,000 > 100% 1,800,000

May 06/10 Harrington, Michael s Direct Ownership Grant of options Options 0.125 1,500,000 49% 4,579,380

May 06/10 Smeenk, Frank Cornelius Direct Ownership Grant of options Options 0.000 3,000,000 67% 7,454,500

May 06/10 Tremblay, Mousseau Direct Ownership Grant of options Options 0.000 1,500,000 54% 4,297,000

Apr 25/10 Tremblay, Mousseau Direct Ownership Expiration of options Options 0.000 -90,000 -3% 2,797,000

Apr 25/10 Saint-Pierre, Luce Direct Ownership Expiration of options Options 0.120 -90,000 -3% 2,906,000