director buying 300,000 shares on market

Always encouraging to see a director buying up!

I must say that I'm surprised there isn't much posting going on for the this company - especially considering the recent share price action. This makes me have to work harder doing my own research!

They seemed cashed up due to the recent share placement and also the part-sale of the Vohibory project.

I like the look of the 2009 balance sheet - $9m in assets and only $1.2m in liabilities. In fact, not much debt at all!

I'm surprised that at $4m, their current market cap is only half their assets - let alone the resources they will hopefully develop.

Anyway, I'm in.