Andrew Mortimer is a shrewd man. $60k is a big amount especially as he is holding heaps already. Another director has bought $10k worth of shares.
Andrew will not buy unless something is brewing. Macquarie has also continued buying options. I am very disappointed that the SP did not spike after the mining lease. I believe the worst is over. Expect a major spike in coming days. This company is massively undervalued. Shares are closely held, cornered and tightly controlled.
I hold 800k PRWOB. I think the SP will go to 6 cents by end of August and perhaps to 20 cents by the year-end if all goes well and the dead cat bounces.
The SP might be down because of AM's Lindemans bore norilsk fiasco announcement.
PRW Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held