While I concur with skaaptjop in a very rudimentary way, I think there is opportunity with this one. Yes some Directors have been dealing, but if one pays close attention you will see a pattern emerging. While some directors are selling, Battershill (CEO) is buying in the trough. It seems cyclical, as he sells a bit on the current peaks of between 80 & 90c. As percentage gains this can be substantial. The NAV negates the risk somewhat and they have also identified some erroneous ventures that will be rectified. Key however is their growth in very challenging conditions and significantly reducing cost basis per tonnage. It's Alt-X, but it has opportunity and upside to keep it in the mix. Just my 2c.
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