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Hyping, but with money from their own back pocket. We saw for years NTL directors sat there taking their fees, and free shares (I think) rather than put any of their own cash on the line - this is new. Yes, could be pump and dump, but would indicate that there is actually something to pump up.
Downside is there though - will extraction and processing be possible at a profit?
Will Mattys claim through the courts be accepted? and NTLs legal costs to defend it - that could hurt.
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Director making further ($3k) on market purchases
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"Director". This buying, although a positive signal, indicates no known material announcements are incoming. I guess there could always be a surprise find though.
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Yes - the fine balance of reporting requirements - must update the market if price sensitive information is known - but then dont need to if its not finalised, but Director knows whats coming so shouldnt trade.
Either way, Im just glad that its a BUY and not a SELL
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Another good announcement today. Giving up the Parnell office is the right move. Well done the directors. The buys heavily outnumber the sell quotes another positive sign.
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This is going to be touch and go imo board is trying all options after the messed up effort of the last board
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Still a mountain to climb for sure. Whether they can get it all consenting, extracted, and processed remains to be seen.
Our Jonu at least is giving some clarity, and seems to have a plan to achieve the prize. Few million in the bank, will it be enough??
AGM, guess there will be mention of the pending case of Matty v NTL claim to be an employee - but they wont be able to say much. COunter claim that Matty was a "naughty boy" when at the helm.
Lets hope the gold flows!
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I would think that NTL are on solid ground with respect to Hill not being an employee. I would expect Mr Stiassny would have run into these arguments before and if in doubt would have received sound legal advice.
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IMHO One would have to ask WTF has Matt been doing all of these years ?
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Personally, I think he was only interested in cashing his cheque, and milking the cow - he never really made any progress in the time he was at the helm
And to counter my enthusiasm for seeing a Director buy on market, then amount they are buying is very small ($3k), which isnt material.