re: Ann: Change in Directors Interest - John ... Hmmmmmmm ... and maybe, just maybe.. the drilling started late, maybe get the annual general meeting out the way, with the directors getting some nice parcels of shares ... if the shares where at say 0.20, everyone would go nuts that a director got 2.5 million shares, but at these prices, goes down ok. I don't really think that this happened, but maybe it would explain the late start to drilling ...
I hold a lot of faith in the ARC management, and they did put their own money in some time ago, to try to get Cibaluang over the line, so right enough to have the company repay.
We shareholders can't really complain, 2 rigs now drilling, a thrid on the way, Anglo-American now working on the huge Alliance project and Bima to be drilled this year.
Go the ARC !!
only my views .. DYOR.
Ann: Change in Directors Interest - John Carlile , page-5
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