MOD 0.00% 43.5¢ mod resources limited

drummond selling his shares

  1. 790 Posts.
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    Good news. Finally an MOD director, Mark Drummond, is buying shares on market in our company! Thats a great vote of conf... no ... wait. Actually he is not buying, he is selling!

    3 million away at 4c for $120,000 in take home cash.

    Lucky guy. If he'd waited till this week he would have only just cleared $100k. That would have been a bummer. Still, if he had sold out last year he'd have been much much better off. But what the heck, they're probably all freebies anyway so he's laughing either way.

    I notice in separate news that Mr Hanna and his wife have just logged another 4 million in options (each), plus 600,000 in ordinary shares (which are better because they can be cashed out, as Mr Drummond just demonstrated).

    As for me, I'm still holding. But, gosh, it would be nice to know where this thing is headed. If I've done my dough I'd prefer to know now rather than in 3 years time.

    C
 
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