Some time ago, a few HC users discussed why ABU directors are not buying shares, even when prices seemed to be dropping like a stone.
I just came across some of the company policy documents regarding this and the simple matter is that ABU policy prohibits share trading in the case when price sensitive information is known and has not been released.
www.abmresources.com.au/downloads/File/pdf/security_trading_policy.pdf
See section 4 - Closed Periods
'... no dealing will be permitted at any time if that key management person possesses (or is deemed to possess) any price sensitive information which is not generally available.'
director share trading
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