Just a quick note on the recent purchases by directors... Since...

Just a quick note on the recent purchases by directors...

Since the "Four Eagles Project" MOU was announced on 26 Nov 2010, the following director purchases have been announced to the ASX;

29/11/2010 S Boston buy 50,000 Ord Shares on market

30/11/2010 S Boston buy 10,000 Ord Shares on market

02/12/2010 S Boston buy 20,372 Ord Shares on market

16/12/2010 S Boston buy 98,000 Ord Shares on market

16/12/2010 R Scrimgeour buy 100,000 Ord Shares on market

17/12/2010 S Boston buy 42,000 Ord Shares on market

17/12/2010 R Scrimgeour buy 60,012 Ord Shares on market

20/12/2010 R Scrimgeour buy 30,000 Ord Shares on market.
(R Scrimgeour total holding now equals 2,060,573)

22/12/2010 S Boston buy 30,000 Ord Shares on market.
(S Boston total holding now equals 4,070,000)


So during the 29/11/2010 to 22/12/2010 period, these two directors purchased on market a total of 440,384 CYL ordinary shares... the total volume for that same period was 1,056,775 CYL ordinary shares, so these director purchased represented 41.7% of the traded volume in that period...

You would have to guess that these guys like the potential of the project!