I don’t think at this point in time there’s any reason for concern. The ASX and ASIC have pretty clear rules between insider trading and insider activities.
If you were to buy on market, a news release comes out and then sell on that news release - well you’re in some trouble I feel. Management would not be immune to this, and should this happen it’d be a pretty poor signal to the market - all faith in management would be lost, mine included. I would think share price would collapse and probably take years to recover. Pretty short sighted view considering Louie alone has millions of shares - why jeopardise the long game for a short win?
When the operational directors buy (such as Louie and Chris of late) that’s the strongest signal I feel. These guys are closest to the projects and how things are tracking. It has been said repeatedly that from SS we move straight into PFS, that’s why I’m not super concerned about SS having some decent numbers. I don’t think that comment would be made if they thought the SS wouldn’t indicate the project to be feasible……
Anyways that’s my musings over a Saturday morning coffee - gotta say too it’s been great to read these threads and actually discuss a stock. Not seeing one line throw away BS comments with a rather obvious agenda behind them.
Cheers
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $31.66M |
Open | High | Low | Value | Volume |
13.0¢ | 15.0¢ | 13.0¢ | $24.17K | 185.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 99999 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 99999 | 0.130 |
3 | 155000 | 0.125 |
4 | 52169 | 0.120 |
3 | 81786 | 0.115 |
2 | 96000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 54966 | 2 |
0.155 | 18093 | 4 |
0.165 | 30000 | 1 |
0.170 | 35000 | 1 |
0.180 | 11417 | 4 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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