how about a chart?, page-8

The irony is that MW may very well see AVB as a long term investment and may wish to hold his stock while AVB transitions from explorer to producer....We simply don't know but the market is sceptical

Whilst the issue of his share sale is controversial and has left a bitter taste with many, it's not reasonable to expect directors will never sell shares....they are also in it to make a profit and cannot be expected to hold forever

What bothered me more than the sale was the flurry of announcements leading up to it.