Directors Trades: The company that has risen 12,000pc and directors keep buying more

Whatever you think of Audio Pixels (ASX:AKP) you cannot deny it’s been a spectacular investment for those who got in early. From 15c 10 years ago to $18.45 on Friday, it has gained over 12,000 per cent.

It is the second greatest 10-year gainer behind Northern Star Resources (ASX:NST), which has advanced nearly three times that in percentage terms.

Despite the rise Audio Pixels still has not commercialised its semiconductor-based audio speakers and there’s no clear idea when that will happen.

But this didn’t stop chairman Frederick Bart investing another $493,382 into the company.

The largest trade this week was from Alliance Resources’ (ASX:AGS) Ian Gande who bought $1.3m on market as a takeover bid continues. The board has recommended shareholders take up the offer.

Another resources director who was buying was Titan Minerals’ (ASX:TTM) Matthew Carr. He dropped $108,027 to pick up more shares just a few hours after the company announced an offer for a Canada-listed gold explorer with a project in Ecuador.

A fortnight after Catalyst Metals (ASX:CYL) intersected high grade gold, non-executive director Bruce Kay bought $105,131.

Devex Resources (ASX:DEV) director Tim Goyder also bought in soon after a discovery – to the tune of $145,826.

The company’s NSW copper-gold project lies near deposits owned by St Barbara (ASX:SBM) and Sandfire Resources (ASX:SFR) and assays have shown the project has veins and alteration suggesting similar mineralisation.

Among non-resources directors, Robert Peach bought $100,000 in Amplia Therapeutics (ASX:ATX) shares.

The company, which is developing an anti-cancer drug, recently declared its manufacturing process was safe. The drug is only at the preclinical phase and a phase 1 trial is expected to begin in Q2 2020.

Andy Fung and David Stewart bought $500,000 each of MNF Group (ASX:MNF) shares.

Code	Company	Director	Change	Date	Volume	$	What
DEV	Devex Resources	Tim Goyder	Buy	13 September	2,000,000	$145,826	On market
IDX	Integral Diagnostics	Chien Ho	Sell	12 September	50,000	$160,000	On market
CYL	Catalyst Metals	Bruce Kay	Buy	13 September	45,825	$105,131	On market
MNF	MNF Group	David Stewart	Buy	12 September	100,000	$500,000	Off market
MNF	MNF Group	Andy Fung	Buy	12 September	100,000	$500,000	Off market
ATX	Amplia Therapeutics	Robert Peach	Buy	17 September	1,000,000	$100,000	Placement
IFM	Infomedia	Bart Vogel	Buy	16 September	50,000	$101,500	On market
LYL	Lycopodium	Peter De Leo	Sell	13 September	200,000	$1,064,115	Off mmarket
AKP	Audio Pixels	Frederick Bart	Buy	17 September	38,482	$493,382	On market
AGS	Alliance Resources	Ian Gandel	Buy	17 September	9,550,527	$1,337,074	On market
TTM	Titan Minerals	Matthew Carr	Buy	16 September	576,000	$108,027	On market
WAF	West African Resources	Simon Storm	Sell	12 September	500,000	$250,471	On market
SRG	SRG Global	Enzo Gulloyyi	Sell	18 September	250,000	$104,282	On market

Sellers

The sellers were led by Lycopodium’s (ASX:LYL) Peter De Leo, who sold just over $1m of his shares off market.

Also, SRG Global’s (ASX:SRG) Enzo Gulloyyi sold $104,282, West African Resources’ (ASX:WAF) Simon Storm sold $250,471 and Integral Diagnostics (ASX:IDX) Chien Ho sold $160,000 worth of shares.

Gulloyyi said he was selling his shares to pay a tax bill.