Red-frog, personally I think you may be reading too much into this. GPN are going to need more than $500K and $180K of director exercised options to perform a sustained drilling program to prove up the resource. Unless of course all the workers and contractors accept payment in shares ... lol
I'm still very interested to see if any more director options get exercised as it appears this is the card they will be playing. Still think selling options was an unusual choice. These options have now gone into unknown hands, whereas that 10mill could have been exercised sooner rather than later if they stayed with the director. Very unusual and another 'why' question that creates alot of uncertainty in GPN (as evidenced by todays price movements).
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greater pacific gold limited
director sells 10mil options average 2.56, page-37
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