It's hard to look at a director buying in a bad light but keep this in perspective it's only 1 million shares and none of the other directors whom I'm sure some of would have some spare cash laying around waiting for a great deal to pop up dont have the faith in a return to step up, it would mean something to me and IMO the future of THR if we see other directors pull the trigger.
As for a takeover while not impossible I believe extremely unlikely, even with a Sort after tungsten deposit at moly the economics there are to be blunt poor and with springhill results not too exciting I just don't see the value to a suitor. This of course could change drastically if our last great hope Dundas delivers but until THR has something and by that I mean something worth having who would want it.
IMO there is a lot happening around THR at the minute but I firmly believe that most of what we are seeing is spec play on the untested Dundus. I have sold a lot of my personally owned shares over the last few weeks but a private investment company I am a major shareholder in has bought as a straight up play on Dundas
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