Are you serious? 600,000 shares @4C is a whopping commitment of $24k. When you look at his direct and indirect shares of around 26,000,000 he really is showing great confidence by increasing his holding by less than 0.1 of 1%. (I don't think). $24k also represents a fraction of his income, actually its more of a subsidised shareholder contribution. No real commitment at all. In fact its exactly an appeasement to disgruntled shareholders and a poorly disguised one a that. If this is a play to indicate some sort of confidence in the future of the company I does not work for me.
Lets see some revenue and the fulfilment of past declarations eg an Australian growing licence for a start.
MXC Price at posting:
4.0¢ Sentiment: None Disclosure: Held
