Thecableguy , whilst one of the directors has taken up some of his Rights Issue , if you do your sums( and I will stand to be corrected) the director in question Richard , only took up about 40% of his entitlement , which I think is pretty poor as he was enetitled to just over One Million shares.
I hope the other directors do better , at least the previous CEO to my memory always took up his maximum entitlements when he was CEO, and if I do recall he always bought more when the share was low.
I hope the current board do the same and buy more shares whilst we have such low prices .
This is the time for the whole board to demonstrate the confidence that they have in the company by buying large parcels of shares at these low prices..
I don't know what we can really do , but we as investors should all be writing to the board demanding that they buy CCU shares in large quantities to demonstrate to the investment community that they believe in the company's progress moving forward.
Good luck to all , I will be voicing my oppoinon to the board in writing. I know I am one small voice but I can at least let them know how disappointed I am as I have not seem any positive communication for them to effect the share price. They my not be able to comment of the Ball Mill progress , but they should have all taken up the Rights Issue in full and be buying more shares on the ASX .
CCU Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held