And not just anyone.. Lang Walker a rather prominent billionaire! Obviously sees some value here and is looking to average down (after he invested an additional $2m in the working cap raise at 20c). I'm Sure Bruce Hancox (MLA's Non Executive chairman & formerly of Brierleys) will assist with sound investment advice.
"Mr. Bruce Alan Hancox, B.Com., serves as Director of Investments at Walker Corporation Pty Ltd. Mr. Hancox has over 35 years corporate experience in manufacturing and retailing including 19 years with Brierley Investments Limited, where he served as Group Chief Executive Officer and Chairman of the Board. He served as Strategic Advisor to the former Board The Michel's Group Australia Pty Ltd. Mr. Hancox has provided Walker Corporation with sound advice since 2008, working with Lang and the Walker Group Funds to invest in opportunities outside the property market."
Had been wondering for sometime whether directors or other holders would look at grabbing a few more. Everything seems to be coming together nicely.
all DYOR, IMO etc...
MLA Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held