AAR 7.23% 8.9¢ anglo australian resources nl

what is the main reason for angus buying latel

  1. 667 Posts.
    Angus has purchased on top of his existing mother lode of shares approximately 500 thou shares since Jan 08. John Jones has also purchased 112 thou of shares on top of his non-trivial amount as well.

    So, why all of a sudden are the directors purchasing their own shares recently?

    Are they buying shares because;

    1. Trying to instill confidence with shareholders as the share price has almost halved since Dec07?
    2. 14M shares is simply not enough to own & they need more?
    3. Both Jones and Angus had a damn good night a Burswood Casino last new year’s eve?
    4. Angus sold the beach house in Margaret River and has some lazy bills lying around?
    5. Angus and John are readying their retirement plans sooner than expected?
    6. or, …is there some great results / news building in the pipeline soon to be announced that will make this baby take off?

    No prizes here unfortunately to give away for guessing which it is, if indeed any of the above are accurate, LOL, … but existing AAR holder’s thoughts to this situation would be interesting, if not humorous!

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8.5¢ 8.9¢ 8.5¢ $34.70K 402.6K

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No. Vol. Price($)
1 200000 8.6¢

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Price($) Vol. No.
9.1¢ 6715 1
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