I think this is a directive from the board to show confidence...

I think this is a directive from the board to show confidence moving forward. It's a very Lynas thing to do, to demonstrate its view on the strength of the company in a calm, reasonable and no-nonsense way.

The message it sends me is that negotiations on the WLP are going well, as reported in the ASX announcements so there is no insider trading aspect. Lynas couldn't (and wouldn't) speculate its thoughts on a positive outcome in a release. Amanda is cautious and considered in what she announces. However an on market purchase by directors sends that message.

Of course it could just be more simple than that. Lynas is a bargain at these prices and the directors have an available window in which they are allowed to trade. They want on the capital gains profit train like the rest of us.