RE: Why couldn't he have bought them on the open market?27 Aug 2019 19:17
For me the question is why did no other director purchase, why no new monthly share purchase scheme, why no new warrants, why so many directors having spoken to nomad.
In my opinion there is a close period for the existing board but they have been very careful in what he has been told in order to allow him to make this purchase as he would not have been able to purchase leading up to his appointment.
A brief list of things which would could cause a close period... Financial results, drilling results, any discussion which may result in a future deal.... So unless people think that AMC has done nothing this year, then this has been a carefully managed purchase