I have been about wondering all the posible factors that might have been involved in the decisions of the insider selling.
This might be way off the mark but has anyone else wondered if all the great corporate support (wonderfully documented by Safeharbour) that ARU has shown to the local community and the government, that perhaps there were some rumblings in the government talks about what might happen if the company were to be sold. What if during the talks in January the government expressed a view that they would be "in favour" of dealing with Patrick and his team, and less in favour of a new unkown owner? It could mean that ARU would have to develop the mine themselves or go for a joint venture. Both of these options would take out the near term upside premium of a take over offer, but would build value over the long haul. It could be a reason for the management to take some profits now and be prepared to wait for the outcome of the government negociations. After all, the gold isn't going anywhere. The recent press announcement about the addition of key people with mining expertise might just be window dressing for the majors..... Here's hoping for a take over offer.
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