SEC Form 4 filed today indicates that Honig purchased an addtional 190K shares on 7/16. With the previous noted purchases, that's over 500 K in the last 3 weeks at an average price of approximately $0.35. I offer no predictions but the implications would suggest that the outlook for production in 2014 may be improving.
There is one very simple explanation, colelittle96. There are transactions known as "away from the market" transactions that can be both BUYS and SELLS. It is one of the "understood roles" of directors seated on the board (and others) to either provide shares from their personal holdings (as a seller) upon inquiry into a company originated by large private money (think of hedge funds or other corporations) who do NOT want to telegraph their interest publicly at the time of their purchase. A BoD member has to report changes as an insider under SEC laws, so they would report as a seller using SEC Form 4.
THE INVERSE ROLE OF A BoD member is also TRUE.
There is an understanding/expectation that a member of a BoD is well heeled enough to ABSORB PRIVATE SELLING OF BLOCKS OF STOCK that the company wishes to keep away from the public /market maker system of exchange trades, b/c viewing such big block sales from NON-REPORTING THRESHOLD INDIVIDUALS has a depressing effect upon current share price viewed by speculators and traders alike.
This AWAY FROM THE MARKET "cloak of invisibility" is provoked by private inquiry by a big block private seller or a big block private buyer. This is the obscure "opposite side of the transaction" that people like maxkonaet keep looking for and seldom find, due to the size of the private, away from the market, NON-REPORTING large block size seller or buyer. It is by its very definition, less than transparent.
Sometimes, the actual market maker in a stock actually will try to broker such a transaction away from the market because said seller or buyer doesn't want to approach a company directly, and instead conducts their inquiry (called a "survey") using the discretionary 3rd party marketmaker instead.