yes, you are absolutely correct. some shareholders won't take up their entitlement (which destroys their wealth and) which allows the insiders to take up the shortfall; thus reducing the entry price of the insiders.
based on the last announcement, the gold project looks hopeless because i my old notes say they were targeting average grade of 18g/t. in fact, i am not even sure why i bought shares today(since i bought because the directors are buying)
last announcement
Not good, page-6
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $8.806M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $7.963K | 2.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 23868560 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14618685 | 10 |
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| Last trade - 13.46pm 15/11/2024 (20 minute delay) ? |
| DTR (ASX) Chart |