insider selling?

As a long term holder it's sad to this but judging by the avalanche of selling it looks fairly obvious that some disappointing news must be in the pipeline.

If I am right, hopefully the news will only be a short term negative as the company is now doing lots to add longer term value.

There are various possibilities for the selling eg a major holder being a forced seller or a hugely discounted placement coming to fund an acquisition. However, I would speculate the upcoming reserve certification may not be as good as we've been hoping. I would love to be wrong!!

If it trades any lower from here then it will soon be approaching cash backing. Technical indicators are also heading into oversold levels as well, so strong support won't be too far away providing a great entry point for would be buyers.

Should be an interesting few days ahead...