Directors need to buy when nothing is happening or iminnent. I think with drilling to start at Mt oscar there was little choice but to buy now.
What interests me is what happens to CFE. If this deal goes ahead, then FXR will fly higher. If the CFE deal falls over then maybe something will happen between CFE and FXR. Also AON sits on the same magnetite deposit.
Could be deals on the way??
I think the Ni and Cu mining is a break even proposition until they find a decent massive sulphide deposit.
Just my thoughts.
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