directors buying shares +converting options-someth

Just noticed the following reading the Change of Directors interest announcements:

The Chairman of EZL, Peter Diamond, converted his options to shares, personal cost to him of $90 000

The Secretary of EZL, Shane Gerbaz, also converted some options to shares, as well as transferring some of his shares to his superannuation account. Obviously has faith that EZl shares are going to contribute well for his retirement.

Mr Jay Hughes, the Executive Director, also spent $90 000 converting EZL options to shares.

The management of the company is obviouslly confident in the future price of EZL shares, pays 8 percent dividend, makes very good money, and very likely to benefit from the mining boom given that it is a Perth stockbroking firm specializing in raising capital for companies...guess where most of the mining floats will coem from.