RE:Decided to take a positionYour right, getting in at the 52wk low may be a good entry point if your DD shows that the current management is capable going forward. My entry point as stated numerous times will be(if) after financing as that will give a clearer picture moving forward. There does seem to be support at 8c. I believe that they have milked Historical data for all they could.
Obviously I read a lot more into insider selling than you do.
Too me Melrose is just the latest in a long string of insider selling from 18c. This one too me is significant as he is head of Exploration and all related technical matters.
Tax loss season is in December, selling now is useless and he should not have a loss at 11c.
If Melrose is being shown the door, that is fine, sh*t happens. But they need to release a statement stating so, as this is company related. If he is still there still begs the question, why sell at all at these prices.
Why buy when insiders are selling, if the prospects are so good, you would think that they would be buying at these 52wk lows.
Again, these are my opinions only and may differ from yours.
Good luck in your investment.