MAY
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5.26% 3.6¢ melbana energy limited

IMO the recent directors' purchases are aimed at conveying...

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    16/07/24
    11:41
    Post #: 74771907
    IMO the recent directors' purchases are aimed at conveying confidence to the market, which is a good sign.

    However, they have meaningfully larger incentive based on historic purchases.

    This extract from the below link relating to AP, who converted 3.2 million shares at $0.10 in May 22.

    I don't know what the average is for the 240 million shares he owns, but can only imagine how he's feeling about the decline in his net worth on paper.

    Plenty of incentive there.

    https://hotcopper.com.au/data/attachments/6315/6315015-6b517c0d0fc674067cb6a2ce34d09321.jpg

    https://www.marketindex.com.au/asx/directors/andrew-purcell


    MAY Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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