port approval, page-38

Thanks johnno8

Very similar story to UnclePanda's. Guess this stock would have been at under 30c were it not for Nathan's buying.

The Director Activity Chart for CAZ is littered with purchases by the MD i.e. Nathan. And the chart looks unambiguously like it is going south east regardless of months-long rally in global share prices. Another purchase reported by Nathan of 15,999 units at 36c and I bet the buy order of 184,001 sitting in the stack at 36c is the balance of his 200k buy order. If past history is anything to go by, it is likely to get filled again soon.

So I guess the question is why does Nathan keep buying? Is it because he firmly believes things will turn out all right for Cazaly in the end? Is it because he expects positive things to happen for Cazaly in the next few months and this is the only time window for him to acquire more holdings? Or is it ego, unwilling to accept the market's verdict and an attempt to shore up the share price? Or Nathan may have a personal network of friends and acquaintances invested in CAZ and buying stock on market is the only way he can placate their concerns.

Whatever the motivations maybe, I find his buying reassuring.