Lol, Directors couldnt be that silly! They have already attracted the spotlight over recent weeks.
Maybe they are looking to issue more options to themselves so they are trying to get the VWAP down again. lol
Suspect it was someone looking to flush out others' stop losses to recover a larger volume ahead of the quarter end.
Though there is aways the risk that someone knows some bad news that we are yet to find out - it has happened before! I would be wary of calling it a buy opportunity ahead of the long awaited announcements from the company regarding start dates, cost overruns and the resolution of the stamp duty.
CMR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
