As Christmas looms, last week saw an uptick in the number of director’s trades above $100,000.

A couple that stood out were from a pair of directors from $1 billion lithium stock Galaxy Resources (ASX:GXY). Martin Rowley bought $554,849 and Anthony Tse bought $320,001 – both in Galaxy’s recent rights issue.

Galaxy and its lithium peers saw a rough couple of years as the lithium market oversupplied.

But 2020 has been a better year as EV and battery makers (especially Tesla) have been scrambling for commodities once again.

The company is already producing spodumene and tantalum concentrate from its Mt Cattlin mine in WA.

But the fundraising from this deal will go towards its Sal de Vida lithium brine project in Argentina and its project at James Bay in Canada.

First production from Sal de Vida, which lies right in the renowned Lithium Triangle that accounts for 40 per cent of global production, is estimated to occur in late 2022.

Code Company Director Change Date Volume $ What
DCN Dacian Gold Leigh Junk Buy 4 December 1,000,000 $350,859 On market
TEK Thorney Opportunities Alex Waislitz Buy 7 December 6,933,440 $2,426,704 Rights Issue
SDG Sunland Group Vahid Saberi Buy 3 December 117,000 $257,301 On market
AGD Austral Gold Wayne Hubert Buy 3 December 595,500 $111,190 On market
KPG Kelly Partners Brett Kelly Sell 3 December 86,955 $147,731 On market
SSG Shaver Shop Cameron Fox Sell 3 December 590,000 $628,336 On market
TAS Tasman Resources Douglas Solomon Buy 4 December 5,606,861 $224,274 Rights Issue
TAS Tasman Resources Greg Solomon Buy 4 December 3,004,487 $120,179 Rights Issue
ADT Adriatic Metals Peter Bilbe Sell 5 December 90,000 $197,100 On market
LVT LiveTiles Peter Nguyen Brown Sell 8 December 11,500,000 $2,990,000 On market
LVT LiveTiles Karl Redenbach Sell 8 December 11,500,000 $2,990,000 On market
TKM Trek Metals Tony Leibowitz Buy 8 December 2,208,194 $129,480 On market
AUC Auctus Bradley Harrison Sell 9 December 350,000 $210,000 Off market
GXY Galaxy Resources Martin Rowley Buy 4 December 326,382 $554,849 Rights Issue
GXY Galaxy Resources Anthony Tse Buy 4 December 188,236 $320,001 Rights Issue
VAN Vango Mining Yanchao Guo Buy 3 December 3,162,451 $224,851 On market
CIA Champion Iron David Cataford Sell 4 December 233,333 $1,115,332 On market
CLV Clover Corp Peter Davey Sell 9 December 227,000 $404,024 On market

 

Other buyers: Alex Waislitz and a group of gold stock directors

Billionaire investor Alex Waislitz and his investment vehicle Thorney (ASX:TEK) is more commonly found in Stockhead’s Trading Places column.

But the pair make the Directors’ Trades column as Waislitz chipped $2.4 million into Thorney’s rights issue.

Thorney told shareholders the proceeds would be used to invest in technology companies, particularly pre-IPO opportunities.

One company that’s missed the gold bull run of 2020 is Dacian Gold (ASX:DCN)

Dacian spent the first few months of the year suspended and having to recapitalise following several mineral resource estimates and production downgrades in prior years.

While the share price has moved little, Dacian last month acquired NTM Gold (ASX:NTM) and is gradually pushing towards being unhedged.

Other buyers among gold stocks included Vango Mining’s (ASX:VAN) Yanchao Guo who bought $224,851 and Austral Gold (ASX:AGD) Wayne Hubert who bought $111,190 – both on market.

Brothers Greg and Douglas Solomon chipped more money into Tasman Resources (ASX:TAS) which is a diversified explorer with projects in South Australia and also owns owns over 33 per cent of concrete stock Eden Innovations (ASX:EDE).

 

Sellers

David Cataford, hailing from Canada-based iron ore producer Champion Iron (ASX:CIA), sold just over CA$1.1 million in shares after exercising options.

Clover Corp’s (ASX:CLV) Peter Davey parted with over $400,000 with shares after exercising performance rights.

LiveTiles (ASX:LVT) directors Peter Nguyen-Brown and Karl Redenback sold nearly $3 million each to put to bed a legal dispute.

The pair sold off-market to fund manager Fidelity which as a consequence became a substantial holder with a 5.36 per cent stake.

Redenbach and Nguyen-Brown still own 10.1 per cent and 8.7 per cent respectively.