it all depends on the agreement he has signed. for example, he may have stipulated that the shares can not be shorted or loaned out to others. hes got more skin in the game than us, so you would think he was across these dynamics.
The one resounding point here, is that he has said he will use money to buy shares. So the message is we are undervalued. Blind Freddy will tell you that.
The smart money is accumulating and picking up dribs and drabs between news flows. They are shaking out the weak hands.
As for where this can go...Someone posted a number around $5B MC, based on a 500MM bbl MAY share of recoverable oil. Thats $AUD 10/bbl in ground. Thats cheap. DYOR.
MAY Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
