Whatever anyone's views are of Atlantic and the Ewyoaa project, you have to respect Neil and Amanda for putting their money where their mouth is. Having cleared the restricted period when they couldn't buy shares on-market, they have stumped up some serious cash to buy shares on-market. This is by far the strongest signal that management and directors can give about the value of a company. A number of senior management / directors get significant company holdings through free/discounted options. This is buying with cash!!
Well done both of you and I hope this is an extremely profitable purchase. To repeat:
Neil just bought 1,883,177 shares on-market for A$932,530 (£517,497)
Amanda just bought 571,500 shares on-market for A$277,028 (£153,734)
It will be extremely interesting to see how the UK market reacts to this news tonight.
A11 Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
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