Risk reward wise this has been back on my radar since Director buying in July. Getting too close to 2011 not to enter then miss a great drill ANN or great acquistion ANN.
I am a HUGE believer in Insider Buying especially in comparision to current holdings and salary. Ticks all these boxes for me. The purchases made in the last few months really pop out with this small producer speccie... has their time come again. Money in the know saids YES.
>>21-07-2010 PPP Neil Tomkinson 2,000,000 0.155 AUD310,000 BUY
21-07-2010 PPP Allan Tattersfield 2,941,407 0.155 AUD455,918 BUY <<
Add the 16c cash backing and the drill results to come in Q1 2011. Good enough for Directors to load up 6 million shares PLUS cash backing + Tui still has life left. Directors putting money where there mouth is... not that they say much- Lol.
They looking around for some great opportunities to spend the cash... oil\gas prices boomed so no bargains around AS YET.
Very little downside risk from here IMO. Multi bagger upside with the right results moving forward or putting the cash in the right opportunities.
Cheers
JAY
PPP Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
