Good old fireside chat, page-10306

If you were to ask a director by phone or email why they are not buying shares they would not be able to give you a accurate answer.
I have been to many different company meetings over the years ,and such a question is always answered by saying that ,ASX rules on buying and selling shares around knowledge known or about to be announced prohibit them from buying or selling shares ,and this just makes it to difficult to decide when it is ok to buy within the rules as particular price sensitive information could come at a time that makes a director buying or selling shares as if they executed there trade with insider information.
In other words it is just to difficult to time a buy or sell without getting into trouble with the ASX regulators.
We and our directors for many months have been expecting testing results and drilling to start ,so to difficult for them to buy or sell shares without them being questioned if a price sensitive announcement had been announced sooner ,rather than now latter.
Currently I think a director could not buy or sell shares because of them knowing of the situation over drill start or the fact they may be expecting some test results or a further land acquisition that they may have been negotiating for some time.
So there is your answer.
Now give it a rest Tcb007 ,and understand that directors have rules to follow.