questions on the boards...27 Mar 2010 23:46
why did jeremy read (non-executive director) sell all his 390,000 DML shares just weeks before BFS?
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Managing Director - Jeremy Read BSc (Hons), MAusIMM
Jeremy Read has 22 years domestic and international minerals exploration experience and was previously the Manager of BHP Minerals Australian Exploration Team. He has extensive exploration experience for gold, nickel sulphides and base metals. Mr Read played a critical role in the discovery of the Kabanga North Nickel deposit, in Tanzania which is currently undergoing feasibility studies . He is skilled in developing new technical teams, management of technical/specialist service groups, project generation activities, risk management, multi-commodity mineral exploration, company listings and capital raisings. During his employment with BHP Mr Read participated in the development of several significant strategic exploration alliances. Mr Read was the founding Managing Director of Discovery Metals from its incorporation in May 2003 until his appointment as a non-executive Director in February 2008. He is the founding Managing Director of Meridian Minerals Limited.
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maybe because DML will also announce a restructuring which does not include mr read, and may include a significant placing of shares with a "partner"?.............or could he simply be going to meridian to concentrate on their exploration projects?...........or is he just in need of a few quid in a hurry?