One thing I would like to point out is that Paul and John Madden have traditionally been proactive with buying stock on market and converting their options, but have not done so recently.
I am guessing (and will try and confirm when I speak with him tomorrow) the reason they aren't buying at this level is because they are not allowed buy because they have seen the details of the scoping study which is market sensitive but hasn't been released.
Based on the last quarterly, you would need about 650k shares to have a Top 20 share holding. That would cost about $95k at $0.15c.Paul has mentioned to me multiple times that he does not read Hot Copper, but maybe someone who does mentioned it to him?
Anyways, it is all just speculation as we haven't had an update for a while now.
I'm keen to find out if Paul is intending to present at any conferences when the resource upgrade and the details of the scoping studies are released. If he is going to "roadshow the announcement" I'm keen to attend - depending on when and where given my work commitments.
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