Someone has been doing some smart accumulation over the past few days.
I suppose if you hold this stock and don't follow it very closely - it could look tempting to lock in some profits. I just wish I had spare funds to pick up some of these bargains.
What are these sellers thinking? Look at the evidence:
How do they think GS is going to enhance shareholder value?
As someone pointed out a deal for them to become involved in would have to be BIG.
Why does the company mention the IRR in just about all recent announcements?
Why would a person of Martin's standing join the board of a small asx company?
He would want to get a good return on those $1.50 options to make it worth his while! I can't imagine him doing anything for under $500k.
Why aren't MAE busy drilling during this summer window - unless they have other plans for the company - oh did I mention Goldman Sachs?
Why has there been so much turmoil in the financial markets lately?
maybe these sellers don't consider gas assets good to have when the oil price is creating this turmoil.
and don't forget those well in the money director options expiring just after the next northern winter.
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