ready to move

Despite the downramping from Tastarga I believe this company is about to shine and when it moves it will really fly.
Beach Petroleum own about 13,000,000 shares and havent BPT been on a roll. Dont see too many of the many "baggers" of BPT posting lately. Perhaps they are licking their wounds after not buying into BPT and seeing STU succumb to similar disappointments BPT has experienced in the Cooper Basin.
Anyway,about 15,000,000 shares and options are owned by the directors and I noticed the Chairman Robert Kennedy acquired another 1,574,300 in the recent rights entitlement at a cost of $173,173.00.
I was reading a post this morning on BMA gold and it included this comment from Droke which I believe is also relevant to Ramelius.Also read the executive chairman of BMA Jim Wall has bought 400,000 shares on market.
A Gold Stock Underachiever
by Clif Droke

Every bull market always leaves behind a few laggards -- "underachievers" which for whatever reason can't quite keep up with the dominant market trend. This can be true of a broad market rally or of a sector-specific rally such as the precious metal stocks.

In some cases the laggards are left behind for good reason. Perhaps they have a poor earnings history and/or poor sales growth. It could be that management is poor, or that capital is lacking. But in some cases these are legitimate, fundamentally-sound companies with good management that are simply overlooked for some reason. This category of laggards will usually catch up with the market rally at some later point along the curve. It pays to be on the lookout for such underachievers since it can often mean a choice opportunity to buy a low-priced stock (relative to the sector average) and sell at a much higher price all within a short time frame.

One of the things I look for in an underachiever within a bullish sector is a base of consolidation in the stock's price history under cover of low trading volume. This often denotes accumulation by "smart money" investors and is a tell-tale sign of a future breakaway stock. It's even better when the stock in question is trading at a relatively low price.

But what happens when the stock starts to come out from its base of accumulation and begins establishing a steady upward trend? That's when it pays to look at the dominant short-term moving averages to check if they are getting into the proper alignment. I favor the 30/60/90-day moving average harmonic series since this often reflects the strength of the underlying trend and momentum behind the rise in price. An ideal situation is to have the 30/60/90s harmonize on the upside in that order (shortest on top, longest on bottom). Whenever this harmonization occurs it usually leads to at least 2-3 months of an uptrend before the first serious "correction" occurs.