But having a look over past announcements, particular to when Mr I.R Egan joined the board, time will prove this theory of mine.
When Mr I.R Egan joined his disclosure was 250,000 shares obviously bought prior to him joining cvi's board, that's why he has 50,000 options under Nagermir Pty Ltd, a trust company where by Mr I.R Egan is the beneficiary.
I don't see any reason why not for the new directors to buy stock on market now and this will show a lot of confidence to the market. Surely these two new directors and chairman would want to have some interest in holding or acquiring cvi stock. Maybe they might have started to buy and these announcements have been made to make way for their disclosure's?
Time will tell.
CVI Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held