The majority of ASX directors that made trades worth $100,000 or more came from the resources sector.

Commodities, such as gold and iron ore, have rallied amidst COVID-19 and been credited with helping Australia endure COVID-19 in an economically strong position.

But some have been on the way down in recent months and others that were struggling pre-COVID, such as potash, were hit further and have continued to lag.

But these directors took a leap of faith in their company.


The most notable resources buyers

Three of these came from potash aspirant Salt Lake (ASX:SO4) which has spent several months trying to kickstart its Lake Way project in WA’s Goldfields region. The company is expecting the introduction of the first feed salts to its process plant to occur in March.

Salt Lake directors Tony Swiericzuk, Ian Middlemas and Phillip Montgomery bought $200,000, $1.2 million and $500,00 respectively in their company’s latest capital raising.

Two others were Stephen Parson and Kevin Tomlinson from Bellevue (ASX:BGL) who bought $230,850 and $106,400 respectively.

Bellevue has been one of the gold sector’s greatest success stories but has halved from its all time highs. But the company is still reporting solid exploration results from its project and is planning its Stage Two Feasibility Study.

Ian Clyne of PNG-focused Geopacific Resources (ASX:GPR) bought $250,000 in shares as part of a share subscription agreement.

Gregory and Douglas Solomon from Conico (ASX:CNJ), which is one of the few gold explorers with ground in Greenland, bought $104,917 of shares in their company’s rights issue.

Martin Holland, who hails from one of the ASX’s newest gold explorers OzAurum (ASX:OZM), bought $143,076 of his company’s shares on market soon after his company’s $12 million IPO.

Robert Martin from Bulletin Resources (ASX:BNR), another WA gold explorer, bought $371,000 off market.

Topping the lot was Lynas (ASX:LYC) director Amanda Lacaze who parted with $3.5 million of her shares in the rare earths giant.

The one other seller was George Bauk from Lithium Australia (ASX:LIT) who sold $468,161 in shares.


Non-resources buyers and sellers

There were also some noteworthy buyers in other sectors.

The stock that saw the most trades was US focused sweets wholesaler Candy Club (ASX:CLB).

This company listed two years ago and has lagged for much of its listed life but recently surpassed its IPO price as its pivot from the B2C to B2B market began to pay off.

James Baillieu made two separate trades in the past fortnight. First $1.8 million in a placement, then another $646,656 on market. His colleague Chi Kan Tang bought just over $500,000 on market.

Speaking of food stocks, there were two others that saw a director make a six-figure buy.

First was health food distributor Food Revolution Group (ASX:FOD) which saw Matthew Bailey buy $100,000 in shares off market and second was cotton processor Namoi (ASX:NAM) whose director Tim Watson bought $208,475 in his company’s share on market.

Phillip Britt and John Reisinger from recent listed telco Aussie Broadband (ASX:ABB) parted with $4.1 million each, which they sold to institutional investors.