CLE 0.00% 0.1¢ cyclone metals limited

further director buying, page-6

  1. 4,333 Posts.
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    TS...poor bugger, he's damned if he does and if he doesn't.

    So, what's wrong making 5 smaller Directors announcements. It continues to indicate that he's prepared to throw dough at it!

    In the latest case around $75k. What does that buy? The equivalent of a new statesman. A Damn fine world trip, first class. Or 150,000 CFE shares.

    Which of these three choices is likely to result in a better return?

    There is recent talk about him not delivering on promises.
    For goodness sake, he's a salesman.

    The DNA for these guys is optimism...the very same characteristic which is required when he eyeballs a buyer and says Marampa is worth more than $500m...and then gets it...because buyers can smell lack of confidence a mile away. I've seen this optimism drag a far better result countless times.

    The downside to salespeople is missed deadlines (caused by over-optimistic assessments) and sloppy paperwork.

    In the end I can assure you it is far better to have a salesperson who gets results but is tardy and paperwork sloppy, than a professional who looks busy, has the paperwork in order but achieves nothing.

    One question: Has Sage performed to date?

    Errr...I'd say the answer is YES!

    In recent times, where has he swung the bat and missed? I can't think of one...but I guess it's true to say we are impatient aboiut him leaving the dugout to go up to bat...but he doesn't control the timing, the buyer/s do!

 
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