but if the head honcho, is buying with his own hard cash (and in decent amounts ), then there is some hope. nathan mcmahon at caz, does the same.
the normal modus operandi , is that directors etc, get freebie options at the agm - which of course, they convert if the shares are higher.
frankly, there must be something wrong with the mine. the share price is about the lowest that it has ever been (after allowing for the consolidation, from the old lumcacom days) .
with luck, for share holders,things will work out. if watso is lucky, he might be able to salvage enough, to buy a carton of beer
watso, sure was an idiot, when he posted positively about the lumacom signs - but then again, the bgc sign, is still on the perth skyline - and it is cheaper to operate, than other signs
KMC Price at posting:
2.4¢ Sentiment: None Disclosure: Held