Oh.....that's not great.
Directors have always said they wanted to keep the SOI's as low as possible........but just expanded them by 5% (ish) to line their own pockets. Lost a little more credibility with that move I'd say. Promises are promises until it comes to cash in your own bank.
.....and also kind of says the people in the know (directors) don't really think this is going much higher the way i see it. Why else would you cash in options now when they still had time until expiry. Wouldn't you hold on to them and sell down the track when they are worth more? Could be a lack of faith looking forward.......we know they have hidden dusters in ann's before.
Just shooting the breeze but could this be a reflection of what's to come from the rest of the cores that i am guessing they have seen? Could it be they rushed through one good core and have left the others because they weren't worth rushing? I don't know obviously......but all seems a little strange that this would all happen now. Really coincidental i guess.
This is basically a cap raise with the proceeds going to themselves and nothing but bad news for the company in my opinion.
Feel sorry for those that bought the pump here....you're now another 5% down.
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