Directors Trades: Upping the ante with $20m now in the game

One director has this week put more skin in the game to take his family’s total stake to over $20m — not bad.

Nathan Mitchell began with the Mitchell Group in 1989, gradually working his way up the ladder. It is an investment company which owns, among other companies, driller Mitchell Services (ASX:MSV).

He bought another $190,500 of stock on market this week and he and his family own over $20m in shares. According to the ASX notice he also sold a relatively paltry amount of around $2,100.

Four directors of monitor service Tesserent (ASX:TNT), which is involved in the $183 billion cyber security market bought stock in a placement. Robert Langford topped the lot – chipping in $150,000.

Simon Clausen bought more stock in LatAM Autos (ASX:LAA), which runs online car classifieds in Latin America, to the tune of $228,198.

But the biggest buyer this week was PYC Therapeutics’ (ASX:PYC) Alan Tribe who bought over $6.7m in a rights issue. This company, which until recent was known as Phylogica, is trying to fix childhood blindness.

Next was Empire Energy’s (ASX:EEG) Paul Espie who sunk $1m into his company. This oil play has operations in Australia as well as the US – specifically in Pennsylvania and Kansas.

Rounding out the buyers was Catalyst Metals’ (ASX:CYL) Stephen Boston who bought $130,034 worth of shares and RMA Global’s (ASX:RMY) Ed van Roosendaal who bought $200,000.

The taxman strikes again

This week’s only big seller was Vortiv’s (ASX:VOR) Gary Foster, who sold $124,877 worth of shares This company is also a cyber security play but you may remember this company as Transaction Solutions International.

It only changed its name in September to reflect its new business focus.

Foster blamed the taxman for having to sell but was able to cross the majority of these shares to fellow shareholder Bombora Investment Management.

Code	Company	Director	Change	Date	Volume	$	What
EEG	Empire Energy	Paul Espie	Buy	27 November	2,500,000	$1,000,000	Off market
RMY	RMA Global	Ed van Roosendaal	Buy	2 December	1,000,000	$200,000	Placement
PYC	PYC Therapeutics	Alan Tribe	Buy	28 November	123,184,263	$6,775,134	Rights issue
CYL	Catalyst Metals	Stephen Boston	Buy	2 December	42,539	$130,034	On market
LAA	LatAM Autos	Simon Clausen	Buy	29 November	4,149,046	$228,198	Placement
TNT	Tesserent	Robert Langford	Buy	2 December	3,333,334	$150,000	Placement
MSV	Mitchell Services	Nathan Mitchell	Buy	3 December	3,150,000	$190,500	On market
VOR	Vortiv	Gary Foster	Sell	29 November	13,319,731	$124,877	On market