Director Trades: Who was buying and who was selling last week

The sellers were out in force last week, but the key players were cashing in after a truly meteoric rise.

We’re talking about Phoslock (ASX:PET), a waterways cleaning company that popped in 2017 and really popped after announcing a maiden profit in early 2018.

Then from May the stock has rocketed again, rising 82 per cent after it won a cleaning contract for a lake two-thirds the size of Sydney Harbour and after China’s water ministry recognised its technology.

Phoslock is a material that attacks phosphate. When phosphate is present in water it is easier for quality and odour issues to be present, including algae.

Three directors, including boss Robert Schuitema, sold up to take advantage of the epic share price, which closed at 75c on Friday.

Schuitema exercised some options, bought on market, and sold and ended up being up $675,559 after the exercise.

It is common knowledge that air quality is a significant problem in China, but water quality is just as concerning, especially in regional areas.

Surveys conducted last year, by Chinese environmental officials, found 29 per cent of water samples were unsuitable for drinking and fishing and phosphorus was one of the major pollutants.

Four of TerraCom Resources’ (ASX:TER) seven directors bought into a cap raise last week, and three of those were noteworthy (ie, above $100,000).

It wasn’t clear which company non-executive director Paul Anderson was buying for but he ‘made’ the biggest buy in, on behalf of one of the two other investment vehicles he runs: Bonython Coal No 1 or the Singleton No. 5 Investment Trust.

Zelda (ASX:ZLD) director Mara Gordon sold off stock “to meet personal commitments” after the board promised not to sell stock unless to strategic investors in November last year.

Luckily, a couple of strategic investors were found: serial pot investor Merchant Funds and an unnamed “entity” which farmed the remaining shares out to individual investors.

Gordon needed the cash to settle some convertible notes.

Code	Company	Director	Change	Date	Volume	$	What	Total holdings controlled
APN	APN Property Group	Christopher Aylward	Buy	June 6	250,000	110000	On market	80.3M
DEM	De.Mem	Bernd Dautel	Buy	June 9	800,000	100000	Off market	800,000
PET	Phoslock Environmental Technologies	Ningping Ma	Sell	June 7	500,000	381564	On market	4.8M
PET	Phoslock Environmental Technologies	Zhigang Zhang	Sell	June 7	3M	2288124	On market	33.7M
PET	Phoslock Environmental Technologies	Robert Schuitema	Buy	June 6	3.3M	?	Exercise options	14.4M
PET	Phoslock Environmental Technologies	Robert Schuitema	Sell	June 6	1.7M	$675,559	On market	12.7M
ZLD	Zelda	Mara Gordon	Sell	June 5-6	35.5m	1498000	Off market	44.1M
MWY	Midway	Anthony Bennett	Sell	June 3-6	40,000	139712	On market	2.8M
LTR	Liontown Resources	Steven Chadwick	Buy	June 11	3.5M	122500	Exercise options	3.5M
A1M	AIC Mines	Aaron Colleran	Buy	June 7	2M	640000	On market	2M
SKF	Skyfii	Jon Adgemis	Buy	June 6	24.8M	4962010	Off market	58M
SKF	Skyfii	Jon Adgemis	Sell	June 6	12.5M	2062500	Off market	33.3M
CZI	Cassius Mining	James Arkoudis	Buy	June 7	2.7M	122000	Off market	11.2M
PG1	Pearl Global	Gary Foster	Buy	June 12	1M	100000	Capital raising	19.7M
TER	Terracom	Wallace King	Buy	June 5	194,158	139611	Capital raising	1.5M
TER	Terracom	Matthew Hunter	Buy	June 5	207,693	120461	Capital raising	1.6M
TER	Terracom	Paul Anderson	Buy	June 5	23.2M	13484161	Capital raising	79.2M