I don’t agree - when the directors start buying into a company with their own cash I see this as a positive. Skin in the game so to speak. I noticed in particular Mark Lindh has been selling down as shares lifted over recent years, for whatever reason he had (let’s assume profit taking). This selling had been continuous with the tide recently turning into buying during the rights issue. Small capital risk for Mark in the scheme of things I assume. To me this was positive enough for me to purchase a few.
If you are referencing something more specific about the upcoming drill or potentially what you referenced with Cooper energy it would be great to hear it for my own benefit.Mark Lindh holding
Nov 2017 - 214,964,888
May 2018 - 151,157,714
Dec 2018 - 101,640,532
Pre Aug 2019 - 93,811,393
Post 1 Aug 2019 - 113,811,393
Acquired 20 million new shares with a further 10 million options
IMHO will be interesting to see where this lands in the next few months.
Ann: Onshore Indonesian Oil Operations Update - July 2019, page-14
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