Back to the announcement for those who would like to know the details:
James Mactier added 25,000 shares to his super account at an average price of $1.91 for a total consideration of about $47,825.
Just a thought, and whilst it is absolutely a positive move, and all of the other directors should follow suit, it is his superannuation and he is legally obliged to make contributions as a percentage of his income.
A more bullish signal would be all directors buying on market with liquid funds and not super which is fundamentally different to a cash investment.
I am sure it is not a case of "RRL is as good a place as any", but personally I would like to see stronger intent from directors.
Again, I appreciate him taking another 25,000 shares out of the market, so good job James!!!
RRL Price at posting:
$1.91 Sentiment: None Disclosure: Held
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