It's at the start of the stage where the announcements should start coming thick and fast.
I suspect the directors simply wanted the 'housekeeping' out of the way prior to drilling commencing.
Also they had a very small window to play in, as their options would have expitred worthless if they hadn't made the cash injection into the company by converting them.
Most of hte time, directors don't just have 300 grand sitting around to convert their options, they're mostly ordinary people - not everyone has Twiggys bank account!
So, they HAVE to sell some shares to afford the conversion.
I'd be thrilled to see them buy a few back to support the price, but the price should start to look after itself once the projects get moving.
We know the cash backing merits a decent price per share - now we want to see some good results!
I'd like to be able to top up if hte price drops off, but need to sell something else to do so -
it's a juggling game as I don't have spare 'readies' either!
Perhaps Conglin has some spare cash left!
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