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Sunday, 11/20/2011 3:30:30 PM

Sunday, November 20, 2011 3:30:30 PM

Post# of 22426
Let's be clear here folks we have a lot of insider shares owned by one guy both directly and indirectly; here's a tid bit. And this is not a bad thing either!! Obviously if he is buying VHGI, he must understand the what they are getting into. His group owns at least 16 million shares. Smart guy it seems. By the way, Royal gold closed at $76.43 this past Friday.

James W. Stuckert
Independent Director
Senior Executive of Hilliard Lyons, Inc.
Director Since: 1989

Royal Gold Committee Membership:
Audit Committee, Compensation, Nominating and Corporate Governance Committee

James W. Stuckert is currently a Senior Executive of Hilliard Lyons, Inc., a financial asset management firm. He joined Hilliard Lyons in 1962 and served in several capacities including Chief Executive Officer, prior to being named Chairman in December 1995. He served as Chairman from December 1995 to December 2003. Mr. Stuckert has served on the Board of Governors of the Securities Industry Association and as Chair of the Securities Industry Association Regional Firms Committee. He also served on the Nominating Committee of the New York Stock Exchange.

Mr. Stuckert received a B.S. degree in Mechanical Engineering and an M.B.A from the University of Kentucky.