Last week 17 ASX small cap directors made trades over $100,000 and a handful of them are regular big buyers.

A few weeks ago we interviewed mining executive and investor Tim Goyder. Its fair to say he has had success with Liontown Resources (ASX:LTR) and Strike Energy (ASX:STX) in 2019 – two companies that are up 249 and 156 per cent respectively.

Read More: The Explorers: Tim Goyder and the secret behind his magical small cap ‘four-peat’

He has had more modest success with Chalice Gold Mines (ASX:CHN) and DevEx Resources (ASX:DEV).

Last week he put another $520,000 into Devex which, among other projects, is searching for copper and gold in New South Wales.

He told Stockhead he believed the secret to his success was the people and that DevEx was no different. In relation to DevEx, he noted that it helped that New-York listed Newmont (NYSE:NEM) was drilling less than a kilometre away from his boundary as did the success of small cap peers Alkane (ASX:ALK) and Stavely (ASX:SVY).


Another buyer you may remember is Hot Chili’s (ASX:HCH) Murray Black. His company is also a copper and gold explorer, but in Chile.

Black made a $500,000 investment into his company in late March and he tripled it in less than four months. Last week he bought another $400,000 worth of shares.

Cogstate’s (ASX:CGS) David Dolby put $760,000 into his company’s rights issue last month, and last week chipped in another $105,828 to make up the shortfall in the retail offer.


Other big spenders

Two directors of small business lender Prospa (ASX:PGL) bought on market this week a few days after it announced cuts to its revenue and earning forecasts. Aviad Eyal bought $382,860 and Gail Pemberton bought $100,000.

FIFO services airline Alliance Aviation (ASX:AQZ) directors Stephen Pagett and Scott McMillan both participated in the dividend reinvestment plan, buying $648,137 and $353,986 respectively.

Meanwhile, Connexion Telematics (ASX:CXZ) is one of the best performing tech stocks, up over 300 per cent in the last 12 months. Director Aaryn Nania bought $116,056 worth of shares.

Kalium Lakes (ASX:KLL) is all set to become the first potash producer in Australia next year. Director Stephen Dennis invested $250,000 in a placement.


Sellers (and former sellers)

Only two directors sold over $100,000 last week. The first was Reffind’s (ASX:RFN) Eugene Loy who sold $175,000 off market. According to the directors interest form lodged with the ASX, that was his entire stake in the company.

Second was Data#3’s (ASX:DTL) Laurence Baynham, who sold $1.5m to meet a “family-related funding requirement”. But the company told shareholders not to despair – he intends to make up for it by exercising his performance rights.

Speaking of sellers, we reported last week Robert Hosking from Karoon Energy (ASX:KAR) sold 2 million shares to exercise his rights in the entitlement offer.

True to his word, he bought $1.9m. His colleague Mark Smith chipped in as well, to the tune of $1.19m.

Code Company Director Change Date Volume $ What
ACF Acrow Formwork and Construction Services Maraget Prokop Buy 15 November 330,873 $102,571 Dividend reinvestment plan
FHS Freehill Mining Samuel Duddy Buy 12 November 55,579,875 $611,379 Placement
KLL Kalium Lakes Stephen Dennis Buy 15 November 500,000 $250,000 Placement
CXZ Connexion Telematics Aaryn Nania Buy 14 November 4,939,198 $116,056 On market
ATC Altech Chemicals Tuku Yaacob Khyra Buy 18 November 18,433,180 $2,000,000 Placement
RVR Red River Resources Mark Hanlon Buy 18 November 1,000,000 $151,545 On market
AQZ Alliance Aviation Services Stephen Padgett Buy 14 November 277,551 $648,137 Dividend reinvestment plan
AQZ Alliance Aviation Services Scott McMillan Buy 14 November 151,587 $353,986 Dividend reinvestment plan
HCH Hot Chili Murray Black Buy 15 November 11,111,112 $400,000 Placement
RFN Reffind Eugene Loy Sell 12 November 26,772,984 $175,000 Off market
DTL Data#3 Laurence Baynham Sell 20 November 400,000 $1,525,200 On market
KAR Karoon Energy Mark Smith Buy 19 November 1,276,146 $1,186,816 Rights Issue
KAR Karoon Energy Robert Hosking Buy 19 November 2,060,215 $1,916,000 Rights Issue
DEV Devex Resources Tim Goyder Buy 21 November 6,250,000 $525,000 Placement
CGS Cogstate David Dolby Buy 15 November 391,957 $105,828 Rights Issue
PGL Prospa Aviad Eyal Buy 21 November 150,000 $382,860 On market
PGL Prospa Gail Pemberton Buy 19 November 34,829 $100,000 On market
PSQ Pacific Smiles Group Mark Bloom Buy 21 November 100,000 $184,000 On market
PAL Palla Pharma Simon Moore Buy 18 November 871,884 $610,319 Rights Issue
PAL Palla Pharma Jarrod Ritchie Buy 18 November 603,981 $422,787 Rights Issue
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