Firstly, I hate seeing directors sell. Sends the wrong message to people putting their hard earned into the company.
However, the last couple of weeks have been particularly odd for WME. I think you will find there is a reasonable explanation for this.
Clearly some moving and shaking was required to force the sellers hand and this was perhaps a necessary evil. With the selling now finished, some stability should be restored to the share price.
To clarify again, BTV has not sold any shares. Biddle is, however, a BTV director. He's an experienced campaigner and wouldn't be trading his stock for the tiny profit, despite the obvious outcome. He knows what it looks like. After a torturous year of unwanted Board instability (which has lead us to where we are now) - I have no doubt that this was a strategic move which was approved by the full Board!!!
All good folks, we'll be pushing 20's within a couple of weeks, particularly once the licence renewal is announced. We must also be due some drilling results in coming weeks.
This is a junior miner and you need to understand how this game is played to be able to sleep at night.
WME Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held