Directors Trade: Two Base Resources directors collectively sold $1.8 million in shares last week

This week a $1.8 million chunk of Base Resources (ASX: BSE) left the hands of directors Tim Carstens and Colin Bwye.

Carstens sold 3.63 million shares for $871,877 and Bwye sold 3.87 million shares for $929,237. This is the second sale in as many weeks although the first pair of sales was only $90,000 between them.

But neither trade was the biggest sale of the week. Bubs Australia (ASX: BUB) founder Kirsty Carr sold 20 per cent of her stake in the company for $5.9 million. The company was honest with shareholders about why she sold. Namely, “to acquire a new family home”.

What about Brexit?

Another pair of directors that bought were Oneview Healthcare (ASX: ONE) directors James Fittler and Joe Rooney who bought $300,000 and $150,000 respectively in their recent placement.

Oneview is one of the handful of stocks exposed to Brexit, being headquartered in Ireland. Between June 24 2016 and March 14 2019 it had fallen 90 per cent.

Since we reported this, the stock has continued to fall (40 per cent to be exact) but this did not prevent Fittler & Rooney topping up their holdings. Fellow directors Michael Kaminski also participated, buying $70,000 and $8,500 respectively.

The other buyers

AMCIL (ASX: AMH) director Jonathan Webster was the biggest individual buyer of the week. He bought around $600,000 in shares of the Melbourne-based investment company. Another investment company buyer was QV Equities (ASX: QVE) director Anton Tagliaferro who bought $313,307 of QV stock.

Also among the buyers was Sky and Space Global (ASX: SAS) director Meir Moalem who revealed he bought $200,000 in the company’s most recent capital raising. Two other directors put in $50,000 each.

Moalem has not shied away from his confidence in the company. Last week he sent a letter to shareholders where he predicted Sky and Space would become, “a dominant player in the space market with a strong and attractive global business”.

Equatorial Resources (ASX: EQX) director Ian Middlemas bought $385,600 of shares of the Congo-focused iron ore miner. Iron ore prices are at their highest level in three years, which would be good news for miners.

Other mining directors who bought included Rox Resources (ASX: ROX) director Alexander Passmore (buying $100,120), Gascoyne Resources’ (ASX: GCY) Rodney Joyce (buying $215,000) and Kingrose Mining’s (ASX: KRM) John Morris (buying $157,500).

Dongfang Modern Agriculture (ASX: DFM) director Hongwei Cai bought $4 million in shares last month and this week he bought another $269,785.

While Dongfang has been successful, with a net profit after tax of nearly $90 million, it has fallen nearly 10 per cent since Cai’s last purchase a month ago.

Code	Company	Director	Change	Date	Volume	$	What	Total holdings
BUB	Bubs Australia	Kirsty Carr	Sell	7-13 May	4,000,000	5920000	On market	16,761,600
BSE	Base Resources	Tim Carstens	Sell	13-14 May	3,632,819	$871,876.55	Off market	5,820,446
BSE	Base Resources	Colin Bwye	Sell	13-14 May	3,871,820	929236.8000	Off market	6,073,671
AMH	AMCIL	Jonathan Webster	Buy	10-13 May	700,000	600000	On market	1,671,329
EQX	Equatorial Resources	Ian Middlemas	Buy	9 May	1,290,000	385600	On market	7,500,000
QVE	QV Equities	Anton Tagliaferro	Buy	9 May	300,000	313307.22	On market	4,950,000
ONE	Oneview Healthcare	James Fitter	Buy	16 May	1,200,000	300000	Placement	2,385,940
DFM	Dongfang Modern Agriculture Holding Group	Hongwei Cai	Buy	15 May	322,000	269785	On market	281,073,628
GCY	Gascoyne Resources	Rodney Joyce	Buy	8 May	4,300,000	215000	Rights Issue	15,633,939
SAS	Sky and Space Global	Mier Moalem	Buy	8 May	6,666,667	200000	Placement	303,333,333
KRM	Kingrose Mining	John Morris	Buy	14 May	3,500,000	157500	Off market	13,100,000
ONE	Oneview Healthcare	Joe Rooney	Buy	16 May	600,000	150000	Placement	1,157,514
SOP	Synertec Corporation	Leanne Kay Bond	Buy	8 May	2,097,702	$104,128.18	On market	2,185,576
ROX	Rox Resources	Alexander Passmore	Buy	15 May	10,000,000	100120	On market	29,000,000

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