Directors' Trades: A $2.7 million buy into South African manganese and sales after exercising options

This fortnight’s recap of ASX directors trades included a number of sales following exercising of options and a $2.7 million buy into a South African focused manganese play

Jupiter Mines (ASX:JMS) director Brian Gilbertson bought $2.7 million in his company’s shares in an off market trade.

Manganese is the fourth-most-traded metal in the world, only trailing aluminium, iron ore and copper, and Jupiter has the largest single manganese mine in South Africa.

Production saw a slight fall in the most recent half year due to the impacts of COVID-19 and softening of manganese prices.

The company also has iron ore assets in Western Australia but is seeking to spin them out into a new IPO.

Code	Company	Director	Change	Date	Volume	$	What
RID	Ridley Corporation	Michael McMahon	Buy	6 November	300,000	$250,740	On market
IDX	Integral Diagnostics	Chien Ho	Sell	6 November	60,000	$265,500	On market
WAF	West African Resources	Richard Hyde	Sell	9 November	2,000,000	$2,000,000	On market
JMS	Jupiter Mines	Brian Gilbertson	Buy	9 November	10,000,000	$2,700,000	On market
MNB	Minbos Resources	Peter Wall	Buy	6 November	66,666,667	$100,000	Placement
EOS	Electro Optic Systems	Ian Dennis	Sell	9 November	25,000	$147,353	On market
DEG	De Grey Mining	Peter Hood	Buy	3 November	300,000	$360,000	Placement
RMY	RMA Global	David Williams	Buy	29 October	545,452	$120,000	Share Purchase Plan
CFO	CFOAM	Gary Steineperis	Buy	16 November	16,860,208	$252,903	Rights Issue
ACF	Acrow Formwork & Construction Services	Peter Lancken	Buy	13 November	328,577	$113,162	Dividend Reinvestment Plan
HLA	Healthia	Glen Richards	Buy	10 November	1,261,333	$1,198,266	Rights Issue
ACF	Acrow Formwork & Construction	Margaret Prokop	Buy	13 November	326,937	$112,597	Dividend Reinvestment Plan
HLA	Healthia	Paul Wilson	Buy	10 November	870,499	$826,974	Rights Issue
TYR	Tyro Payments	David Fite	Sell	10 November	120,000	$498,000	On market
CPT	CPT Global	Gerard Tuddenham	Buy	16 November	742,837	$148,567	Dividend Reinvestment Plan
WWG	Wiseway Group	Florence & Roger Tong	Buy	16 November	672,634	$162,926	On market
LTR	Liontown Resources	David Richards	Sell	12 November	1,300,000	$328,179	On market
TNT	Tesserent	Kurt Hansen	Buy	17 November	1,592,112	$593,062	On market
MDR	MedAdvisor	Joshua Swinnerton	Buy	18 November	526,316	$200,000	Rights Issue

Other buyers

Next up was Healthia (ASX:HLA) which is a “roll up” of multiple allied health businesses.

Healthia director Glen Richards bought nearly $1.2 million while his colleague Paul Wilson chipped in over $800,000 – both in a rights issue.

Peter Lancken and Margaret Prokop from construction business Acrow (ASX:ACF) both bought over $100,000 in a dividend reinvestment plan as did Gerard Tuddenham from IT consultant CPT Global (ASX:CPT).

Peter Hood, from the biggest gold success story of 2020, De Grey (ASX:DEG), bought $360,000 in the company’s most recent placement.

Another successful industry has been cybersecurity, and the success story within that success story has been Tesserent (ASX:TNT). Kurt Hansen bought just over $593,000 on market.

The company says the study met its objectives and is now eyeing commercialisation.

CFOAM (ASX:CFO), a company that makes carbon foam products from coal, saw Gary Steineperis chip in just over $250,000.

Sellers

A high proportion of sellers this week sold shares after exercising options and consequently having to pay a tax bill.

The biggest sale came from was Richard Hyde of West African Resources (ASX:WAF), who parted with $2 million in shares.

Liontown Resources (ASX:LTR) director David Richards sold just over $328,000 in shares and Electro Optic Systems (ASX:EOS) director Ian Dennis sold $147,000.

Selling on market without exercising options were David Fite of fintech payments platform Tyro (ASX:TYR), who parted with $498,000 of shares while Integral Diagnostics’ (ASX:IDX) Chien Ho parted with $265,600.