• ASX gold stocks made up a significant portion of  directors’ trades
  • Strong activity in West Africa-focused stocks with recent exploration
  • Other traders predominantly came from the tech, retail and cannabis sectors

In the past few weeks, the spot gold price has dropped from its all time highs.

This has led to speculation over whether the rally of the last several months has ended.

A number of directors evidently beg to differ, having made big investments in their companies in recent days.

Code Company Director Change Date Volume $ What
WSP Whispir Shane Chesson Sell 9 September 3,700,000 $14,097,000 Off market
5GN 5G Networks Joseph Demase Sell 10 September 2,777,778 $5,000,000 On market
MYR Myer Margaret Cattermole Buy 11 September 458,405 $100,000 On market
SLK SeaLink Travel Group Lance Hockridge Buy 11 September 25,000 $121,500 On market
SLK SeaLink Travel Group Christopher Smerdon Buy 11 September 100,000 $500,000 On market
UOS United Overseas Australia Kong Vhong Soon Buy 11 September 1,705,620 $1,202,462 Off market
IHR Intellihr Robert Bromage Buy 11 September 4,512,795 $338,460 Rights Issue
NEA Nearmap Ross Norgard Sell 11 September 4,178,046 $11,573,187 Off market
OKU Oklo Resources Simon Taylor Buy 10 September 400,000 $103,343 On market
CAN Cann Group Philip Jacobsen Buy 15 September 1,750,000 $700,000 Placement
CAN Cann Group Allan McCallum Buy 15 September 500,000 $200,000 Placement
EML EML Payments Peter Martin Sell 4 September 318,893 $1,214,026 Off market
EX1 Elixinol Paul Benhaim Sell 16 September 8,100,000 $1,200,000 On market
HT8 Harvest Technology Group Paul Guilfoyle Sell 15 September 1,000,000 $260,000 Off market
CDV Cardinal Resources Arthur Koimtsidis Sell 14 September 15,209,926 $15,209,926 Takeover
CDV Cardinal Resources Malik Easah Sell 14 September 16,242,238 $16,242,238 Takeover
CDV Cardinal Resources Kevin Tomlinson Sell 15 September 400,000 $400,000 Takeover
PBH PointsBet Brett Paton Buy 15 September 1,060,223 $6,891,450 Rights Issue
PBH PointsBet Peter McClusky Buy 15 September 37,068 $240,942 Rights Issue
MML Medusa Mining Roy Daniel Buy 21 September 184,125 $159,849 On market
EQE Equus Mining Mark Lochtenberg Buy 18 September 11,111,111 $100,000 Placement
TIE Tietto Minerals Hanjing Xu Buy 21 September 1,177,420 $730,000 Placement
TFL TasFoods Ben Swain Buy 31 August 5,133,263 $436,327 Rights Issue
SPZ Smart Parking Christopher Morris Buy 21 September 1,000,000 $103,538 On market
BSE Base Resources Colin Bwye Sell 17 September 600,000 $178,440 On market
RMY RMA Global David Williams Buy 21 September 11,363,636 $2,500,000 Placement
SIG Sigma Healthcare Mark Harper Buy 22 September 500,000 $294,769 On market
GTN GTN William Yde III Buy 22 September 800,000 $264,434 On market
DGO DGO Gold Eduard Eshuys Sell 17 September 650,000 $2,242,500 On market
DGO DGO Gold Bruce Parncutt Buy 21 September 50,000 $172,500 Off market
DGO DGO Gold Ross Hutton Sell 21 September 100,000 $345,000 Off market
HLA Healthia Anthony Gartner Sell 22 September 200,000 $197,309 On market
NTO Nitro Software Michael Brown Sell 17 September 8,282,547 $19,011,758 Off market
BFG Bell Financial Group Alastair Provan Buy 24 September 200000 $248,318 On market
IDX Integral Diagnostics Chien Ho Sell 18 September 30,000 $123,000 On market

 

Gold director trades

Several of the companies in today’s list are West African focused. One of the bigger trades came from Hanjing Xu of Tietto Minerals (ASX:TIE) who bought $730,000 in a placement.

Tietto’s Abujar gold project in Côte d’Ivoire has been one of the more exciting in the region with gold grades coming in as high as 134.48g/t. The company has promised shareholders an updated resource next month.

Oklo Resources (ASX:OKU)with a project in neighbouring Mali has also been impressing investors. Simon Taylor bought just over $100,000 on market this week.

Another recent buyer into Oklo is $1bn Resolute Mining (ASX:RSG), which last month took a 9.8 per cent stake in $141m explorer.

As the Cardinal Resources (ASX:CDV) takeover finally began following a bidding war of several months, its directors sold out. Leading was Malik Easah, who sold $16.2 million, followed by Arthur Koimtsidis who sold $15.2 million.

Looking a bit closer to home, DGO Gold’s (ASX:DGO) Bruce Parncutt bought $172,500 off market while Mark Lochtenberg of Chilean-focused Equus Mining (ASX:EQE) bought $100,000 in a placement.

 

Tech & consumer

Among other trades, arguably the most notable was Myer’s (ASX:MYR) Margaret Cattermole who bought $100,000 on market.

But only a week later, she and colleague Julie Ann Morrison decided to stand down. The pair will not be replaced as the troubled retailer seeks to cut costs.

Virtually the only tourism stock that has gained in 2020 is transport operator SeaLink Travel Group (ASX:SLK) which has been able to thrive off its commuter services.

Christopher Smerdon and Lance Hockridge both bought on market – $500,000 and $121,500 respectively.

Only a few weeks after Bevan Slattery invested $2.5 million into HR tech stock intelliHR (ASX:IHR), Robert Bromage also chipped it – $338,460 in a rights issue that followed the Slattery-led placement.

Brett Paton, director of four-bagger betting stock PointsBet (ASX:PBH), chipped in again to the tune of $6.9 million as it continues to roll out in the US market.

Alastair Provan of Bell Potter parent company Bell Financial Group (ASX:BFG) bought nearly $250,000 on market.

Rounding out the noteworthy trades were Cann Group’s (ASX:CAN) Philip Jacobsen and Allan McCallum who bought $700,000 and $200,000 in a placement.

The stock was one of many Australian pot stocks to rally following the TGA’s announcement it would re-classify certain CBD oils and pills so they could bought over the counter without a prescription.

This was despite the company having not yet commented on the ruling or announcing any plans to launch new products as a consequence of the decision.