Directors sell their shares all the time for a number of reasons. first of all it was a tiny amount of shares for a director. He may be leaving the company or have a large tax bill who knows.
Yes i agree no one should be on any board without a large shareholding. Not suggesting we gift em more shares though.
This company could be anything in a few years. Picking the right sector and company to invest in is how you get wealthy in the share market.
Is this the right sector? Lithium, hell yes! is this the right company? yet to be proven, give them a chance to prove it.
This company is in no financial trouble whatsoever, they just raised $32.5mil. Also they have banking covenants to fall back on.
Cheers!
GXY Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held