Here’s our weekly look at which ASX small cap directors bought or sold their own stock (August 6-10):

More than a dozen heavy hitters reported trades bigger than $100,000 last week.

Who’s selling

Mark Lawrenson — who goes by his middle name, Cliff — did well in the Atlas Iron (ASX:AGO) takeover, making almost $5 million from the sale of his shares to Australia’s richest woman, Gina Rinehart.

Mr Lawrenson’s boardroom buddy Cheryl Edwards made $8740 from the takeover.

Ms Edwardes, a former Attorney General for WA, also heads the board of Croplogic (ASX:CLI) and the West Australian Football Commission.

The only real sale last week was IOT Group’s (ASX:IOT) Sean Neylon, who sold 11.7 million shares for $23,334.

The sale represented 26 per cent of his total holdings.

>> Scroll down for a table of all the small cap trades reported until 5pm Friday last week.

Who’s buying

The other big hitters were all spending as part of corporate share purchase plans or capital raisings.

The largest on-market trade was by OBJ (ASX:OBJ) director Steven Schapera. He bought $71,000 of shares which makes his total holding worth about $226,000.

OBJ is a biotech researcher but it works in a particularly interesting area: using magnetic fields to control how drugs are introduced to the body.

While Mr Schapera is strongly backing the business — this is this third on-market buy in four months — the shares have been in decline for the past two years.

Anthony Leibowitz watch

If Ensurance’s (ASX:ENA) Anthony Leibowitz isn’t supporting a capital raising, he’s buying in.

The chairman is the insurance underwriter’s biggest champion, investing nine times this year.

He owns 38 per cent of Ensurance.

Mr Leibowitz was an early investor in Pilbara Minerals (ASX:PLS) and chairman of recruiter Chandler Macleod.

Touching base with Reward Minerals

The last time we touched base with Reward Minerals (ASX:RWD), in July, the first director since 2016 who wasn’t Michael Ruane had bought in.

But Mr Ruane is back, reporting his 72nd trade in the company last week. His stake is sitting at 26 per cent after a rights issue in July — he had briefly owned 30 per cent of the company.


Only one of miner Terracom’s (ASX:TER) seven directors didn’t report a trade last week — but the company also copped its second ‘please explain’.

Director Matthew Hunter made two trades in May, included in the total in the table below, for 100,000 shares.

“The non-disclosure of the Appendix 3Y in May 2018, as required under listing rule 3.19A, was an administrative oversight of the company secretary,” Terracom said in an ASX announcement. “Matthew provided the company secretary with the details of these share purchases within the required time frame as required under listing rule 3.19B.

This follows an ASX announcement on August 2 where Terracom explained why it let independent director James Soorley trade in a closed period.

“Mr Soorley, nor the board of directors, were not in possession of any material price sensitive information at the time of requesting clearance and acquiring shares, the chairman, after making reasonable enquiries, provided written clearance,” it told the ASX.

Pro-Pac Packaging (ASX:PPG) also noted the “late advice” about Rupert Harrington’s May trade last week due to “an inadvertent oversight”.

And finally, Neil Biddle at Spitfire Materials (ASX:SPI) is active again.

Mr Biddle wants to get to 20 million shares in the company he joined after Spitfire bought Admiral Gold in march last year.

Mr Biddle founded Pilbara Minerals, so he knows a thing or two about a promising miner.

ASX codeCompanyDirectorChangeDateVolume$WhereTotal holdings controlled
AS1Angel SeafoodTimothy GoldsmithBuyAugust 1 and 2200,00027560On market3.44m
ASPAspermont LtdGeoff DonohueBuyAugust 32.3 million25000Salary sacrifice share plan42.2m
AZMAzumah ResourcesDebra BakkerBuyAugust 3400,00010400On market400,000
BXNBioxyneAnthony HoBuyAugust 2300,00012780On market26m
ENAEnsuranceAnthony LeibowitzBuy August 3598,91222788On market58.8m
GBZGBM ResourcesPeter ThompsonBuyAugust 63 million150000Share purchase plan14.2m
GBZGBM ResourcesNeil NorrisBuyAugust 63 million150000Share purchase plan14.1m
GBZGBM ResourcesHun Seng TanBuyAugust 63 million150000Share purchase plan21.7m
HLXHelix ResourcesTimothy KennedyBuyAugust 3300,00010200On market3.3m
KOVKorvestGraeme BillingsBuyAugust 1800020800On market8,667
SCISilver City MineralsRobert BesleyBuyAugust 3310,1099179On market3m
SPISpitfire MaterialsNeil BiddleBuyAugust 2500,00040123On market17.7m
TERTerracomPhillip ForrestBuyAugust 350,00024250On market1.1m
UOSUnited Overseas AustraliaKong Pak LImBuyJuly 30441,346300115Off market791.5m
WCNWhite Cliff MineralsTodd HibberdDisposedAugust 686.5 million0Rights cancelled76m
YOWYowie GroupMark SchuesslerBuyAugust 3600,00050400Performance rights conversion942,428
AGOAtlas IronCheryl EdwardsSoldAugust 3208,1008740Accept takeover offer0
AGOAtlas IronMark LawrensonSoldAugust 3117 million4914599Accept takeover offer0
AMEAlto MetalsTerry StreeterBuyAugust 1500,0005247On market1.55m
AURAuris MineralsRobert MartinBuyAugust 3 and 6500,00034999On market31.2m
COBCobalt BlueHugh KellerBuyAugust 610,0204161On market755,000
DCNDacian GoldRohan WilliamsBuyAugust 3 and 7205,55514,998Exercised performance rights and share purchase plan8.3m
DCNDacian GoldRobert ReynoldsBuyAugust 3555514998Share purchase plan2.7m
DCNDacian GoldIan CochraneBuyAugust 3555514998Share purchase plan265,295
FELFEAntony SageBuyAugust 62.5 million50000Off market6.4m
KISKing Island ScheeliteJohann JacobsBuyAugust 11.4 million77104Rights offer3.9m
KISKing Island ScheeliteChristopher EllisBuyAugust 16.4 million356844Rights offer58.6m
KISKing Island ScheeliteAllan DaviesBuyAugust 1442,94924362Rights offer7.5m
MDXMindaxBenjamin ChowBuyAugust 710 million50000Shares issued at AGM10.196m
TERTerracomJames SoorleyBuyAugust 3100,00047000On market592,000
TERTerracomWallace KingBuyAugust 3102,00049874On market1.1m
UOSUnited Overseas AustraliaKong Chong SoonBuyAugust 7257,955162859Off market1b
CLLCollerina CobaltRimas KairaitisBuyAugust 630,0002400Rights offer330,000
CLLCollerina CobaltPeter NightingaleBuyAugust 61.2 million99000Rights offer13.6m
CLLCollerina CobaltNormal SeckoldBuyAugust 66.1 million489391Rights offer67.3m
CLLCollerina CobaltAnthony SegroBuyAugust 614,1181129Rights offer155,297
CLLCollerina CobaltJustin WernerBuyAugust 6665,16753213Rights offer7.3m
HMXHammer MetalsRussel DaviesBuyAugust 7500,0009500On market11m
KNOKnosysAlan StockdaleBuyAugust 7250,00017500Rights offer250,000
KNOKnosysPeter PawlowsitchBuyAugust 7331,57823210Rights offer1.2m
KNOKnosysRichard LevyBuyAugust 7145,00010150Rights offer10m
PRUPerseus MiningJeffery QuartermaineDisposedAugust 7833,3330Rights cancelled1m
PRUPerseus MiningColin CarsonDisposedAugust 7200,0000Rights cancelled1.5m
RCLReadCloudDarren HunterBuyAugust 8687,5000Converting performance rights6.3m
TERTerracomCraig WallaceBuyAugust 610,2004881On market10,200
THDThredDavid WheelerBuyAugust 225 million62500On market25m
AMEAlto MetalsDermot RyanBuyAugust 626,8511315On market6.9m
BTHBigtincanWayne StevensonBuyAugust 742,85815000Share purchase plan342,858
BTHBigtincanThomas AmosBuyAugust 728,57210000Share purchase plan371,033
M7TMach7 TechnologiesMichael JackmanBuyAugust 3 and 6, and November 22, 2017504,34089811Converting performance rights and on market1.9m
OBJOBJSteven SchaperaBuyAugust 72.5 million70879On market8.1m
TERTerracomMatthew HunterBuyMay 22 and 23, August 3, 6 and 7500,00033500On market1.1m
TERTerracomPaul AndersonBuyAugust 9100,00047945On market55.9m
WLCWollongong CoalMilind OzaBuyAugust 6397,8923182On market1.4m
PPGPro-Pac PackagingRupert HarringtonBuyMay 23 and August 682,15131354Dividend reinvestment plan and share purchase plan1.7m
JATJatEnergyAnthony CrimminsBuyAugust 101 million100000Share placement40.5m
DGHDesaneFelice MontroneBuyAugust 71.3 million1355618Rights issue14.2m
DGHDesaneJohn BartholomewBuyAugust 741,77943867Rights issue672,635
DGHDesaneRiccardo MontroneBuyAugust 712,41413000Rights issue136,545
DGHDesaneJohn SheehanBuyAugust 713,52214198Rights issue148,735
ENEEnevisThomas KrulisBuyAugust 10500,000100000Shares approved by shareholders2.1m
JATJatEnergyWilton YaoBuyAugust 101 million100000Share placement19.8m
EZLEurozAndrew McKenzieBuyAugust 9100,000115000On market12.6m
KYKKyckrBenny HigginsBuyAugust 101m140000Off market1m
RWDReward MineralsMichael RuaneBuyAugust 1 and 7290,00052137On market41.8m
BGLBellevue GoldRaymond ShorrocksBuyAugust 6 and 7100,00018000On market1.4m
IOTIOT GroupSean NeylonSoldAugust 811.7m 23334On market32.8m
NMTNeometals Christopher ReedBuyAugust 10835,3390Issue of performance rights3.9m
RHPRhipeDominic O'HanlonBuyAugust 10500,000225000Exercise options4.8m