Significant vote of confidence30 Aug 2025 09:53
Shown by the directors buys. Big enough to be material but not too big so they don't look "insider"
Remember Russell bought 10m at 3.75p in Jan 2024.
And note the option terms from the co website:
The options granted to the Directors will vest in three instalments and have an exercise period of five years. The first tranche will vest when the closing mid-market share price reaches 7.5 pence or above for three consecutive trading days. The second tranche will vest when the share price reaches 12.5 pence. The third tranche will vest when the share price reaches 17.5 pence.
Proper company doing things in the interest of us shareholders who have spent years getting their hands on what appears to be a world class asset , FUNDED TO PRODUCTION, V LOW OPEX = MONSTER PROFITS.
Every company wants to sell as much as it can as cheaply as it can; its the only investment criterial. Both boxes ticked. And that's why the CEO compared us to Kiwara PLC and its equivalent price today of £520m.
We will slowly get on more folks radar.
Re buying more, I wouldn't advise but I would advise holding what you have for a 1-2 year period. Its tempting to take profits / slice but this is so illquid it can rise 15% in a second and then your locked out & annoyed!
This company at this stage and price is a truly exceptional once on a decade opportunity. How you benefit will result from your decisions.