From my point of view, directors buying shares with their own money is a sign of confidence in the company. It also often portends to changes in the future that have a positive impact on the share price. Having to be ever mindful of the ramifications of ‘insider trading’, it can be difficult for directors to buy in at the best of times.
It is hard to image that they would simply buy shares to appease some disgruntled SH. Trolling tossers being what and who they are will likely bleat about these share purchases in negatives terms – if that’s what gets them off……………. so be it.
Allowing for a reasonable ‘legal’ time gap, I would not be surprised to hear news of some solid money generating and / or distributors deals being struck.
The BOD share purchases is a very positive sign IMO.
MXC Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
