How was the MD ever going to monetise his shareholding by selling on market?
With a continual lack of drilling success and ensuing capital raises, he wasn't.
Only way to get value for his shares is in a takeover. Which now looks likely.
He'll be able to put FNT behind him and get out with a million dollars.
Ann: Forise Investments Agree to 6 million Placement, page-11
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