huge take up by directors, page-73

Kenny

From your post 2 days ago:
“I'm inferring that it seemed more of an obligation than a value purchase.

entitled to 2 million but only buy 1 million doesn't seem like a huge dip into the pocket

Don't forget just how much money some of these guys have.

and the confidence displayed in a full insto take up amounted only amounted to around 80k which, again, seems token.”

Based on the above comment and many others that you’ve made on PRR aswell as your current sentiment, I’m going to assume that you are one of these ‘No Stock held’ trolls who sees the negative in all things related to the company, even if what you are discussing is in fact not a negative because it is largely positive!

LOGIC would say that director’s investing $1M in a company at 8c is not a bad thing. Yet there’s all these propositions/ questions re Why didn’t others take up more of any short fall, why didn’t directors buy $2M instead of just $1M… Agree with Ahjay, these Directors are NOT obliged to buy ANY extra amount of shares so the fact they are doing this out of their own free will is something that is a positive (regardless of how ‘cashed up’ you claim they are)..

Just put most of PRR shares in your long term draw and keep topping up on the dips in any SP weakness. And try to refrain from being droneing the negatives and downramping in the process Kenny..