risk vs reward, page-6

Yes the Director in question did buy 3.25M on market and at the same time received 49M for $NIL.
I'd use the word astute loosely to describe the investors who poured in the $20M.
I do agree this will likely be pumped at some stage, and you will see hot coppers chief EUC pumpers to return to help the pump campaign. This will open an opportunity to get in and out for a quick gain or If drilling results are better than expected a longer hold. I'd personally wait on some significant news before jumping in.