Well, to be fair the directors are taking shares in lieu of cash for their remuneration to save cash in the company. Is that not a laudable exercise?
There's the rub
Billing has "awarded" himself 13.5M shares. So they cost him how much? Contrast to WRES another tungsten play where in 2013 the CEO has INVESTED £150k of his own money as a participant in placings. Wonder why Billing is not putting his own cash in to demonstrate confidence.
Guys, Mick Billing has just awarded himself 13.5m shares. He's nearly doubled his holding in one hit to 30m shares. Why would he do that and not take more cash instead, if he didn't know something more than we don't? Think about it, most other company directors give themselves a coupled of mil at tops as far as I have observed. Got to get back to work.
RE: More shares for directors
I tend to think of "accumulating" as "buying". This is more like "quantitative easing".
I can see a consolidation coming next. With all the share in circulation. Just my thoughts on it. Zeps
More shares for directors
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01474211 They seem to be accumulating shares all over.
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