Directors had sold before it reached $1 and then news took it all the way up to $1.60 within a few months. They didn’t wait for that big share price driver to sell last time so left plenty of upside for those buying their shares on that occasion. When more significant news comes out, it will again become the more important driver of the sp and I d expect the institution that bought the directors shares this time around will be well rewarded. Those of us accumulating below the instos buy price will also be rewarded and I don’t expect it will take too much longer for news on the first large lake and the amount of work involved. The insto didn’t mind buying from the directors so I’m not sure why some here at worrying about it.
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