Directors Trades: The repeat big buyers come back for more this week

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.

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