"surely at this price it might pay for director to buy a few l...

"surely at this price it might pay for director to buy a few l know l would buy a few million of them at these prices but whats holding him back"

Wouldnt that be great.

Remember this story?

OZ Minerals' embattled directors snapped up cheap shares in the company yesterday in a bid to halt its plummeting share price.
And it did the trick.

The new mining company's CEO Andrew Michelmore spent almost $30,000 in a series of on-market purchases, while director Barry Cusack bought 100,000 shares with an outlay of $78,000.

The shares had been trading as low as 49c during the day, down drastically since the company was formed in the winter marriage of Oxiana and Zinifex.

But when the directors told the market of their shopping spree, investors jumped on board en masse to help the shares execute a Lazarus-like revival.

A 25 per cent turnaround ensued, with traders pushing OZL shares up 7c, or 13.33 per cent, to 59.5c at the close.

Rumours surfaced this week that the company was being targeted by short selling, which would explain why its shares have suffered a royal thrashing of late.

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..But in responding to a query from the ASX this week, OZL executives said they were unaware of any reasons which may behind the share sell-off.

They did however concede its earnings would be significantly behind estimates put forward by either the Oxiana or the Zinifex boards earlier this year.



Read more: http://www.news.com.au/business/directors-buying-spree-saves-the-day/story-e6frfm1i-1111118105181#ixzz1FSTXyVh1