Club Mulgoa

Saturday, March 05, 2011

ABU

Someone pointed out in Hotcopper that one director of ABU spent around $150,000.00 of his money to top up his holdings in ABU at 3.5c.

That writer also highlighted the fact that most directors get free or cheap unlisted options which they convert and then SELL to the market to make a killing. But this time around, the director bought shares for himself from the market. That is a positive sign but come Monday, the dreary outlook for all markets in the world will permeate... even if price of gold remains high.

0 Comments:

Post a Comment

<< Home