Due to new trading laws it's quite hard for a director in Miles' position to be able to buy more shares. He can't buy two days before or after an announcement, so with regular results coming out of Angola (where it would be hard to predict what they might find from day to day) it would be difficult for him to pick a time to buy more without the appearance that he would be acting on information not available to the market. Directors are also precluded from participating in any shortfall.
My expectation is that the directors and parent company will take up most if not all of their entitlement.
LOM Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
