Hope all can make out this poor-quality cut n paste job. These are the most recent insider transactions.

Jun 06/08 Madrid, Raul John Direct Ownership Disposition in the public market Common Shares USD 0.873 -68,500 -20% 268,000

May 29/08 Madrid, Raul John Direct Ownership Disposition in the public market Common Shares USD 0.885 -72,000 -18% 336,500

May 27/08 Madrid, Raul John Direct Ownership Disposition in the public market Common Shares USD 1.005 -71,500 -15% 408,500

May 20/08 Madrid, Raul John Direct Ownership Exercise of options Common Shares 0.910 200,000 71% 480,000

May 20/08 Madrid, Raul John Direct Ownership Exercise of options Options 0.000 -200,000 -25% 600,000

Info is difficult to read but the key column is the 3rd from right - the number of options exercised or shares sold. So Madrid acqujired 200,000 @ .91 presumably CAD on 20 may/08 & disposed @ various prices USD during next 2 weeks. Apart from 1st lot @ USD 1.005 he hardly made any money, just a couple pennies. (Pangea, if you're reading this I know you're going to laugh.)

Williams' last purchases were 18 & 21 january/08 for 50,000 each @ 1.18 & 1.16 respectively. Following which he became the proud owner of 1,685,633 shares, 1,500,000 options & 792,816 warrants as of 22 january this year. No further transactions.

I absolutely do think that assay/drill results in the house but not yet released would trigger a blackout.

Moots, I didn't say that VIT should reveal its blackout protocol. In fact I believe they should not. I have confidence in management, believe they're doing this right.

Especially in M & A the situation can be delicate. What's chatter, what's conversation, what's real negotiation ... at what point does the blackout get imposed. I guess that's why the securities commissions never spelled any rules out but left it up to the companies, huh?