I bought more today. I agree the magnitude of the sales is higher than I might have expected, but I think this SP drop is a ridiculous over-reaction to the directors' decision to take some well deserved money off the table. I've taken lots of profits along the way, can't begrudge them doing the same.
Maybe a re-read of the release accompanying the notifications is needed. Company cashed up, tick, directors still holding a good chunk of shares, tick. Production started, tick.
I must add that I'm glad they made this 'group' sale and announcement, so this drop hopefully will only be a one-off, not every time one of them sells anything.
I bought more today. I agree the magnitude of the sales is...
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Last
$2.77 |
Change
-0.040(1.42%) |
Mkt cap ! $1.151B | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.81 | $2.77 | $271.2K | 97.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5928 | $2.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 14306 | 5 |
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| BOE (ASX) Chart |