With new Ecuadorian mining laws hanging in the balance, directors of Toronto-based Aurelian Resources Inc. (ARU/ TSX) have been busy cashing in their company holdings. From Jan. 7 to Feb. 11, 2008, four directors have a total 1,165,000 shares for total proceeds of $9,130,400. The most notable transaction came from Aurelian's president and CEO, Patrick Anderson. Also a co-founder in the company, he sold 800,000 company shares at $7.75 each on Jan. 31, 2008, bringing his holdings to 800,000 shares. Another director, Joseph Hamilton, sold his entire stake of 250,000 shares at $7.95 each on Feb. 6, 2008. Aurelian's other founder, and current director, Keith Barron, sold 80,000 company shares from Jan. 11 to Feb. 11, bringing his holdings to 14,088,000 shares, while chairman William Fisher sold 35,000 shares from Jan. 7 to Jan. 14, 2008, bringing his total to 65,000 shares. Shares closed yesterday at $7.99, down 7¢.