Melinvest,
Yes, very reassuring when directors start buying up in big licks! But then again they are always closer to the action than we are (and always have a lot more information) and know what the strategy will be going forward. At least he puts his own money on the line personally!!
This same thing happened a few weeks back with HZN but in its case 2 or 3 directors plowed into the market to hoover up shares when it dropped for no apparent reason (the share subsequently rebounded).
Would hope this will also be the case with AZA, that the rest of the AZA board opens up their wallets to wade into the market next week to continue to support the share price but more importantly soak up this large overhang on the sell side.
Cheers
AZA
anzon australia limited
