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49.0¢ ardea resources limited

Ann: Change of Director's Interest Notice - W Bramwell, page-19

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AlexanderJ

4,002 Posts.

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11/02/19

14:22

Post #: 37398855
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Originally posted by Sally_Will ↑

Hi RED328,
I certainly agree with you that Mr. Bramwell is entitled to invest where he likes but he also needs to realise precisely what you have posted in relation to your entitlement to vote against any free or cheap option share allocations that might come his way.
Just like yourself, I too would vote against him until such time as he demonstrates by his actions that part of his renumeration package from Ardea (his employer) should be able to afford him to buy the equivalent of his holding that you mention he has in Piedmont.

It is rather galling to think that since his employment by ARL, he has seen fit to invest over $100K in a USA operation and yet cannot find time nor money to invest in something all of his work colleagues have committed to.
Maybe he believes that he would have a conflict of interest but i doubt that and i expect him to be a buyer sooner rather than later. He should be a buyer now! Not next month or next year!!

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Worse! It raises questions about his belief in the success of ARL when his actions demonstrate he thinks he can make more profit by investing his money elsewhere. It also raises questions about our investment in ARL..... should we be following his lead?

ARL Price at posting: 51.5¢ Sentiment: Buy Disclosure: Held
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Last 49.0¢		Change 0.010(2.08%)		Mkt cap ! $97.84M

Open	High	Low	Value	Volume
48.5¢	51.0¢	46.5¢	$95.37K	192.6K

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No.	Vol.	Price($)
1	182	49.5¢

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Price($)	Vol.	No.
51.0¢	12667	1

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1	8058	0.490
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