Quite right. More would be better. And $150K is serious change. Even for a wealthy fellow. Not Murdoch type wealthy but anyways.
The trick with directors is that they can issue themselves options at these prices and only take them up 'after' the deals are done. After the price has gone to 10c and beyond. Nice gig if you can get it !
So to put a chunk of change down now straight out of his pocket(on market purchase) is really more a good show of support for the company.
But I'll take it. It does whittle away at the general lack of confidence in the companies prospects. If the confidence returns then job well done.
If the SP was holding over 2c over xmas, that would be very encouraging.
If holding over 3c over xmas and into February, that would be downright bloody inspiring. Without news that is.
Ann: Change of Director's Interest Notice, page-19
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.77M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $83.79K | 3.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2097105 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 236994 | 5 |
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| Last trade - 15.40pm 19/11/2024 (20 minute delay) ? |
| ADO (ASX) Chart |
