Smart and well connected money guys like Alex ONLY buy for 1 reason.
Actually, I'm really shocked by this. I thought after he got his option package passed that's the last we'd see of him buying.
**This shares were bought with NO carrot hanging or incentive! Just to make money.**
The first 5M was easy. You buy 5M to get 20M for free. This 500k?
That 5M almost wasn't even insider buying. THIS WAS!
Fund and 708s look for this...plus coming from AM. It means he know the shares are dramatically undervalued. Him and Jerko are the ONLY 2 that have all the information about AGY.
I believe he wants to become a larger owner of AGY and this my not be the last we see of Alex buying.
IMO.
PS.
DYOR and see hold many ASX chairmen buy their own shares on the OPEN MARKET?!
AGY Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
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