I agree, a very destructive way to improve liquidity in the stock. Have heard this morning (rightly or wrongly) that Director's selling has stopped and if there is to be any further in the future, it will be coordinated through their main broker.
This should take pressure of the stock which is worth easily double the current share price. Unfortunately with Indian Management, while the story is v good, their understanding of Autsralian Corporate governance is a bit lacking. Keep the faith, even though the road can be a bit rocky. I think that the motives of the Chairman are good and they are slowly learning how not to kneecap existing shareholders
GUJ
gujarat nre resources nl
I agree, a very destructive way to improve liquidity in the...
Add to My Watchlist
What is My Watchlist?