I still like the "window of opportunity" logic. After the Pedra Branca results, the directors would have about 2 weeks (ie until mid-July) before they should be precluded from buying due to the quarterly results. And then in August, I am assuming they'd know too much about the economic study/mining study and wouldn't be able to buy until after the release of that in Sept. So perhaps a "last chance to buy for a while" memo? Only speculation of course, but windows can be brief for those who are limited by them. And a lot can happen in 10 weeks or however long their next blockout will last.
I still like the "window of opportunity" logic. After the Pedra...
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