director selling

Chris Torrey has sold down appx 30% of his holdings at market for 5c/share. I note that he is the only director to sell down.

Second, I note that the MD has no share holding of any significance. As a shareholder of GCR I would prefer to see some confidence in the stock by the top dog!

On a brighter note, none of the other directors have sold down - as yet. I suspect that Chris has sold down to pay some bills or pursue a more profitabe venture.

The market acted negatively to the anouncement with immediate sell orders appearing. Not surprising given that we are awaiting resource upgrade and drilling results for a range of prospects.

I still hold the faith. This little unloved puppy will eventually turn the tide. Too much upside going on to ignore.

GC