Carl Icahn and Warren Buffet buy lots of shares of companies and write letters to their BOD's and CEO's with recommendations and/or personal advice to them. I'm not sure they have ever been responsible to the shareholders for how a company's stock performs.
In general it usually pays off to follow the money. Both RM and AEM left RBY after a fair amount of DD by both. Individuals and companies generally don't sell out of promising investments and/or equities.
I'm agreeing with Jazen that RM was shielded, not part of executive management and not a board member, both of which are involved formally in day-to-day activities that include news releases and major company decisions, respectively. RM owned a lot of stock and sold it at just over $4/share accompanied by a public news release blatantly stating his stock sale. AEM also took a stake in RBY and then sold it, lots of clues that something was wrong in RBY land that many boys on this mess board did not want to believe or were pumping the stock.
I tend to agree, RM did not hold an executive position, but simply knew when to sell, kind of like AEM, both strong signs that all was not well with RBY. The excuses that surfaced on this mess board from both of these sales were filled with eternal optimism.
jennie/kg/exposing, don't forget David Adamson and Winship, two guys that were on ship for quite some time. DA CEO and Winship on the board. DA was an incredible salesman, his only flaw as a salesman was that the goods did not sell at peak price, so he sold many, many options for just over $1.
As your aware, smart money jumped into PM equities sometime ago, and some hit home runs with stocks like MUX, a four bagger from $1/share. It should be an interesting earnings season with low hurdles (outlook will be of paramount importance) and more than likely at least a semi volatile market pre-election which may yield more room to run for the PM space. Oil is also interesting and could be range bound from 45-55, but tough to tell as we approach the middle of summer. The market did show quite a bit resilience after Brexit, but I believe there is more to come on that topic which could add to pre-election volatility.
"This is off Topic! WHY ZERO BUYING INTEREST IN RBY AFTER BREXIT?!?!?!?!? "
Good question for the annual meeting on the 29th, but if my memory serves me correctly they have a lot less gold than first estimated, it's very expensive to get the gold out of the ground, they laid off their entire work force, they have significant debt obligations and may have breached a debt covenant or so, can't recall for sure. Maybe just one of these issues or all of them combined could be effecting the share price, your guess is as good as mine.