Don't think it is as simple as that. It was an off-market trade and it appears to be Justin Doutch selling shares to Ironstone Resources, a company of which he is a shareholder in. The transfer went through at around 2.0c per share. The only thing I can think of is J Doutch might be taking a capital loss on his own shares so he can claim on tax whilst also maintaining the control of the shares. I do this all the time, if I am down on a stock but don't want to sell out I transfer off market to my Super Fund or my investment company. Looks like no different here. What I would like to see is J Doutch actually buy stock on-market and help support the price and give us long suffering shareholders some confidence, ie get some skin in the game. The amount he has got is loose change in the whole scheme of things. Come on Justin, I reckon you and your old man should tip in some of your many $$$ and support this company that you hold dearly and give back rather than just take!!
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