It's not so much a buy, but rather a show of force!
Nuts - when was the last time a CEO bought $700,000 equivalent shares on market in the micro cap space in the last six months?
It says one of three things to me:
a) One of the current projects is going to be a banger in the long term - as it has yet to be recognised as such in the first instance. b) Both current projects will be bangers, as they have yet to be recognised as such in the first instance (still 1.6 cents). c) The third acquisition will be so impressive, that there will be no time to accumulate shares on the cheap after announcement.
Just my read and in no way intended to be financial advice.
WCN Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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