Great article, last couple of paragraph's put it all into context.
Also of interest is buying in Aminex (our JV partner).
During the recent placement following occurred
SIMON PERCY BUTTERFIELD 64,241 SHARES
MICHAEL CHRISTIAN PEREIRA-REGO 30,333 SHARES
DAVID FREDERICK TUGHAN 727,322
DAVID SYMONDS HOOKER 117,959 SHARES
ANTONIO GUADALUPE PRADO 35,787 SHARES
mAX VINCENT WILLIAMS 83,334 SHARES
http://www.investegate.co.uk/Article.aspx?id=200910011653050997A
Now I reckon buying gives a much stronger message than selling.
People buy shares based on an expectation that they will make a few bucks, selling tends to be harder to read as it could be that someone needs to buy a new house, get the Mrs a new car or what ever.. but buying is a positive signal imho..
This on top of Ted Ellyard and Ken buying KEY also reflects a bit of enthusiasm...
Everyone buying is potentially a real loud message..
I am tipping that when Aminex picked up an extra chunk of Nyuni this did not come about over a few Friday beers at the local pub...
The buying all August... Aminex increase in Nyuni early September, hints of pipeline late September..
Electricity shortages October...
http://petroleumafrica.com/read_article.php?NID=8346
Petroleum Africa have a pretty basic interpretation...
"The pipeline that will travel from the Nyuni Block offshore Tanzania to a nearby gas processing plant is set for construction. "
Screams at me...
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