Last week was one of the busiest weeks all year for director trades. 21 directors engaged in transactions of $100,000 or more and the total value was $17.78 million.

Four trades were over a million dollars and the biggest of all was the first to be declared to the ASX on Monday. Eagle Health Holdings (ASX: EHH) CEO Zhang Mingwang sold approximately a quarter of his stake in the company for $7.5 million.

The closest thing to a reason given was Mingwang’s declaration it would increase liquidity in the stock. Indeed he is correct since prior to the trade he held nearly 40 per cent of the company. Now he only has 28 per cent.

Despite the supplement maker boasting an $18 million profit in 2018, it has fallen over 20 per cent in the last month.

Those precious options

The other million dollar sale was undertaken by Rameulis Resources (ASX: RMS) managing director Mark Zeptner who sold $1.3 million in stock rights after exercising options.

Since 2014, Rameulis has increased over 20 times as the company has progressed from merely looking for gold to producing nearly a million ounces of gold (a threshold it is expected to cross soon).

But to use options to sell you have to buy in the first place and Fatfish Blockchain (ASX: FFG) director Gan Nyap Liou bought $1.1 million and did not sell.

One other director bought over a million in stock and it was despite three brokers (Ord Minnett, Morgans and Taylor Collison) recommending ‘Hold’ rather than ‘Buy’ in recent weeks.

Ardent Leisure Group’s (ASX: ALG) Gary Weiss bought $2.5 million in shares. Ord Minnett, and Morgans ‘Hold’ calls came even though they set target prices over 40 per cent above its current price.

When you’re short on your dough

As we reported on Friday, gold miner Beacon Minerals (ASX: BCN) fell short of the funds it wanted in its capital raise by a third. Geoffrey Greenhill and Graham McGarry bought nearly $1.6 million between them to make up the shortfall.

Australian Family Legal (ASX: AFL) is rising out of the ashes of Navigator Resources, anticipated to commence trading this week.

Despite being expected to resign, former Navigator directors Joshua McKean and Gregory Ruddock bought $400,000 between them as part of the recapitalisation.

Signs it’s time to buy

One sign it might be time to buy is when your company is finding massive diamonds and making millions from them. Last week Lucapa Diamond (ASX: LOM) sold US$22.1 million in diamonds to date this year and once again showed its discoveries.

Pic: Lucapa Diamond

Director Ross Stanley bought $161,719 in the last week. Unfortunately for the entire board, options held by multiple directors at 53 cents per share expired last Sunday.

On Friday Stockhead reported Australia could become a major player in the silica market. VRX Silica (ASX: VRX) director Peter Pawlowitsch bought $200,000 in a placement.

Only two weeks ago Hartleys analyst John Macdonald, headlining his report with the words “There’s money in shifting sand”, tipped the stock to nearly triple to 18 cents.

Another sign might be if you want to list in London. Po Valley Energy (ASX: PVE) said last week it was looking to do just that and Kevin Bailey bought $304,000.

The directors who came back for more

Last week’s Director Trades wrap reported Image Resources (ASX: IMA) director Li Huang Cheng bought $462,500 in stock right as it signed its first off-take agreements.  This week Li bought again, acquiring $301,800 in shares.

Gindalbie Metals (ASX: GBG) director Keith Jones was another director who bought and came back for more. First he bought $123,829 and then $179,200 only two trading days later.

ARQ Group (ASX: ARQ) director Andrew Reitzner bought $157,839 last week after buying $44,286 the week before.

While we’re on the subject of ARQ, the week before last his colleague Martin Mercer sold $329,363 due to a tax bill. Presumably it’s been settled because on Thursday he bought some of those shares back – $25,000 to be exact.

CodeCompanyDirectorChangeDateVolume$WhatTotal holdings
EHHEagle Health HoldingsZhang MingwangSell29-31 May33,290,0007515000On market91,201,747
ALGArdent Leisure GroupGary WeissBuy29 May2,000,0002480000On market66,958,451
RMSRameulis ResourcesMark ZeptnerSell28 May-3 June1,500,0001320000On market1,500,000
FFGFatfish BlockchainGan Nyap LiouBuy31 May100,439,3321104833Exercise of options76,399,350
BCNBeacon MineralsGraham McGarryBuy31 May57,327,082974560Rights Issue204,366,268
GTGGenetic TechnologiesSamuel LeeSell13 May59,594,850684166On market0
BCNBeacon MineralsGeoffrey GreenhillBuy31 May35,070,801596204On market148,382,040
ALTAnalyticaMichael MonsourBuy7 June106,632,612514163Rights Issue719,818,279
PVEPo Valley EnergyKevin BaileyBuy5 June8,000,000304000On market143,109,121
IMAImage ResourcesLi Huang ChengBuy5 June1,300,000301800On market135,445,311
ATLApollo Tourism & LeisureLuke TrouchetBuy31 May625,000250000On market98,738,118
VRXVRX SilicaPeter PawlowitschBuy4 June3,333,333199999.9800Placement5,383,437
GMVG Medical InnovationsYacov GevaBuy3 June742,168182566On market212,157,242
GBGGindalbie MetalsKeith JonesBuy4 June6,400,000179200On market11,303,304
LUCLucapa DiamondRoss StanleyBuy30 May-4 June1,123,508171619On market41,123,944
DRXDiatreme ResourcesCheng WangBuy3 June1,500,000165000Placement5,767,255
CLICropLogicStephen SilverBuy31 May4,000,000160000Placement28,897,035
ARQARQ GroupAndrew ReitznerBuy4 June95,400$157,740.00On market122,500
GBGGindalbie MetalsKeith JonesBuy31 May4,603,304123829On market4,903,304
AFLAustralian Family LawyersGregory RuddockBuy29,30 May1,500,000300000On market2,583,333
AFLAustralian Family LawyersJoshua McKeanBuy29,30 May333,334100000Recapitalisation 1,563,334