director sells shares to purchase options., page-28

Alan..from what I saw there were a number of large crosstrades that went through. Maybe pre-organised trades for some of his mates? :P

The SP took a hammering..but maybe he wanted the funds then and there. A few hundred thousand to this bloke aint the biggest issue in the world when he is gaining 4.5 million converted options. He still has a swag of shares..hes not going to push the shares down to just see his capital decrease.

He would of been criticised either way IMO..unless he went and found an overseas buyer. Clive has so much money invested in this..if he starts selling now thats when Im going to raise an eyebrow. The project is a goer. If people want to sell because Clive had to sell to exercise options then thats their issue. I dont even see this as a bad thing. Atleast we now know the reason for the SP fall back. It could of been a lot worse.

The way I see it.. is there is now more money in the bank which is great.