A tally of directors holdings from just-released updates...

A tally of directors holdings from just-released updates are:

Tolga Kumova 353m shares, or 9.8% of capital
Even Cranston 259m shares, 7.2% of capital
Robert Jewson. 259m shares, 7.2% of capital
Simon Rushton 125m shares, 3.5% of capital

So collectively the directors own 27.7% of this company

For anyone worried this is a pump and dump stock play, bear in mind these guys now own 996m shares, which they have to declare if they start selling. In other words their position is just way way to large to try and exit into some kind of share ramp. Everyone would know as soon as they started selling and they would therefore only be able to sell a fraction of their holdings.

This means they are in this for the long haul and want to build Macro a tier 2 iron ore play worth $1bn or more.

If they reach that goal, and probably sell the company to a major, Tolga, for example, could make over $100m, which even by his lofty standards is serious money. The others likewise. You can see why they are focused on building Macro up through a pipeline of projects into a substantial company, and most probably exit through a trade sale.

Will await coming announcements, and the unfolding development plan, with interest.

The journey is only just beginning.