AW1 General Chat, page-3652

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Bunn-Wackett

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24/07/24

10:44

Post #: 74889180
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Originally posted by InItEarly: ↑

There are acceptable/palatable reasons for 'selling' shares as a director, but only a few.

And usually, unless its a dead sh*t company, some commentary is offered by the company as to the reason(s).

At face value, he sold a significant number of shares (perhaps some of his free shares) for a price that was approaching the 12-month low (and below the share price at the time), in advance of important assay results being released to the market.

There is a reason that directors are required to issue these disclosures to the market - it's not unnecessary paperwork of no value. There are reasons why director are not able to buy and sell shares within a window around material announcements.

Directors are in a position to be - by law - the ultimate insiders. Is insider trading good for other market participants? Of course not.

I'm not being emotional at all - perhaps you are.

So I stand by my comment - not a good look.

Same with the company promising things that it does not end up delivering on.

Feel free to change direction if the circumstances warrant it - in the interests of the company - but explain why that change was made because people make investment decisions on what the company tells the market it intends to do.

This company could and should do better.

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There are acceptable/palatable reasons for 'selling' shares as a director, but only a few.

And usually, unless its a dead sh*t company, some commentary is offered by the company as to the reason(s).

AW1 didn't offer any reason so your thoughts about the company are as clear as crystal with your commentary about Director selling ~$300k

AW1 Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.6¢		Change 0.004(5.56%)		Mkt cap ! $45.22M

Open	High	Low	Value	Volume
7.1¢	7.7¢	7.1¢	$216.7K	2.924M

Buyers (Bids)

No.	Vol.	Price($)
1	100135	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	199999	1

View Market Depth

No.	Vol.	Price($)
1	100135	0.074
2	151357	0.073
4	1335282	0.072
4	681972	0.071
9	981812	0.070

Price($)	Vol.	No.
0.076	199999	1
0.077	67418	1
0.078	100000	1
0.079	138316	3
0.080	50000	1

Last trade - 16.10pm 05/11/2024 (20 minute delay)

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AW1 General Chat, page-3652

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