Zachary, In the trades just after the 7/03/12 announcement there was one trade of 2 million shares in one block . I took as being a 15c placement buyer having lost patience and taking profit . Maybe it was the trade of the director I dont know,but if he decided to sell on that particular day he would have been put into a difficult position to explain why he did straight after a highly positive announcement. Damned if you do .Damned if you dont.If you get my drift . Poor timing either way it would seem.
Only for discussion purposes .No finger pointing.As I have no definate evidence ,although yesterdays announcement did say that the Director sold over 07/03/ to 09/03/12.
I have been at pains to bring this up as i may be totally wrong or off track.
No harm intended because there was another instance whereby Directors let options expire(seemed strange) and then there was a great announcement about a weeks later ,which i was empressed with the actions as it showed a high level of Ethics within the camp.
I actually emailed the company to express my positive view of the ethical actions on this occassion.
We are all being given another oportunity to by on the dips.
GMR Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held
