AS1 4.76% 2.2¢ asara resources limited

director sells, page-19

  1. 376 Posts.
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    Zachary,
    In the trades just after the 7/03/12 announcement there was one trade of 2 million shares in one block .
    I took as being a 15c placement buyer having lost patience and taking profit .
    Maybe it was the trade of the director I dont know,but if he decided to sell on that particular day he would have been put into a difficult position to explain why he did straight after a highly positive announcement.
    Damned if you do .Damned if you dont.If you get my drift .
    Poor timing either way it would seem.

    Only for discussion purposes .No finger pointing.As I have no definate evidence ,although yesterdays announcement did say that the Director sold over 07/03/ to 09/03/12.

    I have been at pains to bring this up as i may be totally wrong or off track.

    No harm intended because there was another instance whereby Directors let options expire(seemed strange) and then there was a great announcement about a weeks later ,which i was empressed with the actions as it showed a high level of Ethics within the camp.

    I actually emailed the company to express my positive view of the ethical actions on this occassion.

    We are all being given another oportunity to by on the dips.
 
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