If you get options and rights etc its no lose. They either lapse or you make money. So unless cap gains are pretty well certain directors of specs would be reluctant to buy on market.
Spec goes under lose your job and investment.
So its safe to say directors do not believe its a sure thing. CXO is a spec after all.
Those words 'Huge potential' in relation to gold puts the market temporarily at least on an even footing with Directors. So in between assay results etc they could buy if they wanted to.
We always hear follow directors buying because they dont buy on market if they think there is a chance they will lose money.
Having said all that there is still a good chance CXO will turn out ok in the medium and longer term. Way more than ok if gold comes up trumps.
CXO prospects, page-30
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Last
10.0¢ |
Change
0.005(5.26%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.5¢ | 9.8¢ | $1.361M | 13.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 91988 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 118227 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |