Terry Grammar's confidence in MTR is confirmed by his £480,000...

Terry Grammar's confidence in MTR is confirmed by his £480,000 warrant conversion.
http://www.lse.co.uk/share-regulato...9&ArticleHeadline=Director_Warrant_Conversion

He didn't need to exercise now, they didn't expire until June 2018. - is something happening??
Also his shares are now locked in for 12 months. - what amazing confidence!!
This says so much about the MOD JV and the likelihood that assays are going to be great.

Do check out Terry's bio, he's an award winning geo and it's very impressive to see a director giving such a strong signal.

I doubt Terry would risk locking up £480K for a possible 12 months if he didn't feel supremely confident, even if the sp is 0.2c lower than when MTR upped it's direct stake in MOD recently.