up 50 percent..., page-3

Above 5.8 cents HMC have broken up out of a huge chart formation dating back to 1998.
This week’s 1.5 cent move to 7.4 cents possibly leaves room for some retracement.

From memory, Dr Lakshman D Jayaweera (Chairman, Executive Director) has been an enthusiastic buyer of the shares for much of this time.
It always dismayed me that such consistent director purchases --- did not convert into improved performance of the company or the share price.
It has had a few false starts along the way --- is this another?

I have held some shares and bought a few more along the way during most of this period.
May not say much for my investment style – but each to his own.

Below is a summary of directors’ sales/purchases since August 2005:
Note Stephen Wolfe has sold 20 .5 million shares Sept/Oct 06
Why, I’m not sure --- maybe someone could enlighten me.
Jayaweera however has been a consistent buyer.

Pipvide Sai-Kwan Tang
201205: Purch 779000 shares @ 4.4 cents (on market)
Holds: 859,000 ordinary shares
2 million options

Stephen Wolfe
280906: Sold 20 million shares @ 5 cents (on market)
251006: Sold 500000 shares @ 5.1 c (on market)
Holds: 4.2 million shares

Lakshman Jayaweera
020805: Purch 1.9 million shares @ 6 cents (on & off market)
301105: Purch 1.2 million shares @ 4.2 cents (on market)
221205: Purch 2.5 million shares @ 5 cents (on market)
190506: Purch 6.18 million shares @ 4 cents (on market)
070606: Purch 10.19 million shares @ 4 cents (on market)
140906: Purch 1.147 million@ 4.4 cents – on market
270906: Purch 10.3 million @ 5.2 cents – on market
290906: Sold 10.0 million @ 4.1 cents -- off market
Holds: Chemmet Pty Ltd 39,519,511 Ordinary Shares
Chemmet Pty Ltd – Super Fund 3,510,000 Ordinary Shares
Dr L. Jayaweera 2,000,000 Director’s Options