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.

Code Company Director Change Date Volume $ What
MTH Mithril Resources Stephen Layton Buy 8 February 5,000,000 $100,000 On market
KIS King Island Scheelite Christopher Ellis Buy 5 February 4,545,456 $250,000 Placement
BCB Bowen Coking Coal Matthew Latimore Buy 4 February 5,000,000 $270,000 On market
CNJ Conico Gregory Solomon & Douglas Buy 5 February 3,497,223 $104,917 Rights Issue
CLB Candy Club James Baillieu Buy 9 February 14,225,245 $1,807,335 On market, placement & conversion
LYC Lynas Amanda Lacaze Sell 3 February 700,000 $3,532,130 On market
OZM OzAurum Resources Martin Holland Buy 8 February 700,000 $143,076 On market
SO4 Salt Lake Potash Tony Swiericzuk Buy 11 February 500,000 $200,000 Placement
SO4 Salt Lake Potash Ian Middlemas Buy 11 February 3,000,000 $1,200,000.00 Placement
SO4 Salt Lake Potash Philip Montgomery Buy 11 February 1,250,000 $500,000 Placement
LIT Lithium Australia George Bauk Sell 12 February 3,031,684 $468,161 On market
GPR Geopacific Resources Ian Clyne Buy 12 February 595,238 $250,000 Share Subscription
1AG Alterra John McGlue Buy 9 February 3,000,000 $150,000 On market
WBT Weebit Nano Ashley Krongold Buy 12 February 200,000 $538,165 On market
CLB Candy Club Chi Kan Tang Buy 9 February 4,166,667 $504,458 Placement
CLB Candy Club James Baillieu Buy 15 February 3,513,228 $646,656 On market
TWD Tamawood Lev Mizikovsky Buy 16 February 117,355 $411,916 On market
BNR Bulletin Resources Robert Martin Buy 12 February 5,300,000 $371,000 Off market
HGO Hillgrove Resources Murray Boyte Buy 15 February 3,225,806 $100,000 Placement
FOD Food Revolution Group Matthew Bailey Buy 5 February 2,857,143 $100,000 Off market
NAM Namoi Cotton Tim Watson Buy 17 February 672,500 $208,475 On market
BGL Bellevue Gold Stephen Parsons Buy 19 February 300,000 $230,850 On market
BGL Bellevue Gold Kevin Tomlinson Buy 19 February 140,000 $106,400 On market
ABB Aussie Broadband John Reisinger Sell 19 February 1,600,000 $4,160,000 On market
ABB Aussie Broadband Phillip Britt Sell 19 February 1,600,000 $4,160,000 On market
PLT Plenti Daniel Foggo Buy 19 February 167,091 $185,660 On market
BBN Baby Bunting Matt Spencer Sell 24 December 400,000 $2,184,000 On market

 

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.