It's an interesting director buy, he didn't buy when the buyback was on at 18-19c, and then they were damn cheap at 16.5-17c when the buyback stopped, but then he chooses to buy in at ~23c, buyback still hasn't hit its quota and has stopped. 3 possible reasons IMO, A) cash wasn't available earlier, B) Gas project results way better than expected and he sees value, C) semi arranged transaction with a known party to occur on market for some reason.
Nice to know that another 0.7% of the script is no longer being traded, this could easily fly to 30-40c with a little bit of coverage in Aus or some more good news on the drilling
- Forums
- ASX - By Stock
- LRL
- top director buys -
top director buys -, page-2
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)