RE: Director Buy and MRE Announcements?13 Sep 2025 08:19
“ Does the announcement of a director buy mean the MRE must be delayed? ”
No, not at all.
As soon as the MRE result is known, it is market sensitive information and should be RNS’d immediately. It is not expected until “early Q4” according to SB, therefore the directors are free to buy what they want.
Manlord did say that SB said the MRE would be released along with trumpets and fanfare or words to that effect. I would not be surprised to see them simultaneously announce a plan to bring everything to fruition on the back of the MRE result. But to be clear, they do not know the MRE result and are free to buy.
On the comment that the 1m trade at 30p could be a buy, I would say that’s impossible. I originally thought we had a large seller, perhaps cashing in after making a bucket load of cash. But it’s been persistent, very large selling. Almost coordinated. Yes, it could be stop losses getting triggered. But would you really have a stop loss set on the this amount of shares, on the AIM market where things can get volatile. I doubt it. But we’ll probably never know what has really happened.