The director sold shares and converted some of his options back into shares but still holds a decent amount of options and shares.
They have to do more drilling and see if there is an economic high-grade resource before finalising the scoping study imo. As they are now concentrating on a high grade scenario, they must be confident of converting the promising trenching results into a decent sized JORC resource but we should start to find out in a week or two going by the research note.
rmx on friday 14th feb 2014, page-38
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