I think you're referring to SG50s post, I haven't said anything...

I think you're referring to SG50s post, I haven't said anything about the director's holdings. I agree, I doubt they have purchased much, if anything, on-market. Not unusual.

There have been statements released to the effect that the well would be flow tested into the new year, or would need to be before reserve estimates could be announced, but in any case those expecting instant results were always going to be disappointed, hence the sell off when the deepest zone was deemed "not-commercial at current prices". I'm guessing the JVP have been burnt by that release (as has their SPs) so have decided to keep their powder dry so to speak. Can't say I blame them after the overly pessimistic reaction. There is and always was plenty of risk; the reaction just showed how many holders had no idea what they were investing in. Again, not unusual I guess.