RE: Well another director buy, shows extreme confidence2 Jun 2026 18:09
Dusty,I don't normally read too much into every RNS, but I do think today's announcements are constructive.
Firstly, Briers hasn't reduced his economic exposure at all. The Bed & ISA transaction saw him sell 833,333 shares and immediately repurchase the same number into his ISA. His overall holding remains unchanged at 2,311,110 shares. To me, that suggests he still wants full exposure to any future upside, whilst moving the holding into a more tax-efficient wrapper.
Secondly, Spreadex has increased its reported exposure from 2.62% to 3.67%. Whether that's through client positions or hedging activity, the direction of travel is clearly upwards rather than downwards.
Add that to the current drill programme, the encouraging geological observations from multiple targets, the AMT survey underway and assays pending, and I'd say the recent news flow continues to point in the right direction.
Still plenty to prove, but for me the signs remain firmly to the north.