director buying, page-19

I bagged Rogers big time for his buying last time due to it being directly before HUGE ANNs... this time most know the story and potential so no need to bag.

If it was a SELL then the bad news equivalent he would have been investigated by ASX\ASIC IMO.

Some are selling down in the ST due to delays- very simple. They think the next 1-2 months may be an opportunity cost delay and it is there risk to play their shares this way.

For my money I love a good buy from Directors... whilst I did bag Rogers greatly last time for obvious inside trading I did accummulate on speculation. So this stock is a good one to follow the Directors as it does tell a story. Plus has personally made my year not a great one but an outstanding one. Outperformance of market wise.

Below are Director trades;


02-12-2010 MHM Frank Rogers 50,000 1.091 BUY AUD54,577

07-09-2010 MHM Frank Rogers 220,000 0.233 AUD51,301 BUY

22-05-2009 MHM Peter Robertson 100,000 0.060 AUD6,000 BUY

21-02-2008 MHM Basil Conti 50,000 0.120 AUD6,000 BUY

This time no bagging on buying---as we all know the score. Delays due to council plus he could have not made a buy and let the SP free fall under $1 then bought. This time the trade is performed with far more integrity IMO.

His SEP trade was a bluntant opportunistic insider trade IMO... as he knew many facts about to be released to the market and we did not--- no comparison.

Cheers JAY