Managing Director selling almost all of their position at the start of production ramp up (ie. next 12 months) not a good signal.
Is there some concern on this or just coincidence? Ramping up at the start of production is a crucial part of the mining phase (only one barrel reported mind you). Why the resignations with key players? Is there issues with production, we are not hearing about?
Otherwise maybe, yes, the guy just wants to buy the bigger house and yacht point taken. But timing is very bad to say the least, indicates concerns on ramp up, or feels that little upside from here, time to take profit. Either way he has sold out.
I held this stock for many years, ups and downs through Uranium ups and downs, sadly sold out today. Still a big believer in Uranium, this IMO is company specific. Not sure why Director would sell a Winner unless they had info we didnt have.
What ever you decide, Good Luck.
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