I don't know why people buy this 'skin in the game' thing when dealing with such small volumes. Overall he would have outlaid less than $20,000 for this parcel, Tony has done it in the past.
Spends a (very) small percentage of his what he is taking from company in salary and bonus' then makes it into a big announcement that he has confidence in the business - cheap advertising of the shareholding and false bump in the share price.
Shrewd for personal wealth, yes. But no value to the rest of the shareholders.
Give me an off-take agreement of 60K+ per tonne of cobalt (cobalt price is creeping up again while everyone is sitting on their hands for 3 months waiting on next announcement.) Or buy 50,000,000 shares and we will be friend Stefan.
CFE Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held