I agree! I was very surprised at the follow up announcement re: Vietnam deal. It seemed to me they didn’t get the positive price movement they expected from the announcement (which I agree it should have). However, in my opinion by sending a second announcement with more details it screamed of ‘hey pay attention’ which I think can come across a little desperate. Their ‘may’ be a little personal interest in that follow up announcement (ie ensuring their is a good buffer above their buy in price)....
dont get me wrong i think the company is moving forward and the announcements recently have certainly been very positive. BUT I do think it’s ridiculous the directors didn’t buy in on the same terms as all others giving them a ‘free hit’ if things go well and no added risk or exposure if it didn’t....if only all of us were afforded the same option!
what I would love to see is the share price be close to CR price when a decision has to be made and they DO put their money in.....now that would get things moving positively IMO
CGB Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held