Director Trades: Who sold $9.5m of stock?
Director Trades
Director Trades
Here’s our weekly look at which ASX small cap directors bought or sold their own stock (August 13-17):
Some 16 ASX small cap directors reported individual trades of more than $100,000 each last week.
Boss Resources (ASX:BOE) director Grant Davey won the pool with a $9.5 million sale.
The junior uranium explorer recently released 137 million shares held by Grant Davey from voluntary escrow to “facilitate additional support by existing Tier 1 institutional shareholders”.
Private Australian boutique investment fund Paradice Investment Management was the fortunate recipient.
The shares were part of the consideration paid to Mr Davey for the remaining 20 per cent stake in the Honeymoon mine. The rest of the 300 million shares remain in escrow — and he still owns 25 per cent of Boss.
Mr Davey used a tiny part of his millions to buy 76,900 shares in Matador Mining (ASX:MZZ), lifting his interest in that company to 1.5 million shares.
>> Scroll down for a table of recent ASX small cap director trades
ERM Power (ASX:EPW) chief Jonathan Stretch received the equivalent of $1.5 million of shares — last year.
The electricity generator said in an ASX statement that “an administrative oversight failed to lodge the related Appendix 3Y for the associated change in the beneficial interest in 1,193,357 shares on behalf of Jonathan Stretch”.
Last week was notable for the volume of big sales.
Baby Bunting director Gary Levin made $459,000 last week, Sunbridge Group’s Jiyan Xu made $276,000, and Nagambie Resource’s Michael Trumbell made a clean $100,000.
Holista Colltech director Chan Heng Fai has watched his shareholding in the company, via Global eHealth, slip from 24 per cent to 20 per cent, after a capital raising to get their ‘diet’ low GI noodles into the US and China.
Payment in stock
It wasn’t just share trades last week, as several companies handed out options and performance rights.
Melbana (ASX:MAY) chairman Andrew Purcell received 80 million options “as compensation for providing a personal guarantee over the loan agreement with Trans Asia Private Capital”.
Mr Purcell already owns 54 million shares in Melbana.
He was voted off the board of Metgasco after a conflict over the reason for the collapse of a proposed merger with Bryon Energy.
St George Mining handed out 60 performance rights to chairman John Prineas 20 each to Sarah Shipway and John Hronsky.
Mr Prineas’s convert into a total of 3 million actual shares, while the other two get 1 million each.
‘Administrative oversights’
At least five companies issued ASX statements about late lodging of documentation concerning director trades.
Reward Minerals and Mach7 Technologies both issued “administrative oversight” explanations for late submission two weeks ago, as did ERM Power.
Sabre Minerals said its director Robert Collins forgot to tell the company he’d made a trade in April before going on an overseas jaunt.
“This was an oversight by Mr Collins at the time,” Sabre said in an ASX statement. “It took place just before Mr Collins left for an extended overseas trip and he overlooked notifying the company. The Appendix 3Y was lodged immediately the company secretary became aware of the oversight.”
Niuminco managing director Tracey Lake said in an ASX announcement that he lodged his documents late because he was in and out of PNG at the time and a mine site’s Internet was down.
“The mine site suffered an internet outage from 6pm on Friday 10 August, until 4pm on Monday 13 August, 2018 making e-lodgement possible that evening, having by then become aware of my earlier oversight.”
Mr Lake says he’s hiring a company secretary to take the weight off his shoulders.
Expect explanations of late lodgings from at least three other ASX small caps this week.
Here’s a table of recent ASX small cap director trades:
Scroll or swipe for full table. Click headings to sort
ASX code | Company | Director | Change | Date | Volume | $ Value | Where | Total holdings controlled |
---|---|---|---|---|---|---|---|---|
AC8 | Auscann | Bruce McHarrie | Buy | August 9 | 14,286 | 14994 | Share purchase plan | 114,286 |
BOE | Boss Resources | Grant Davey | Sold | August 9 | 135.9m | $9.5m | Off market | 275m |
CAV | Carnavale Resources | Ron Gajewski | Buy | August 7,9 and 10 | 4.3m | 62982 | On market and buying into capital raising | 48.3m |
CIA | Champion Iron | William O'Keefe | Buy | August 10 | 1m | 300000 | Exercise options | 35.7m |
EQE | Equus Mining | Edward Leschke | Buy | August 8 | 200,000 | 4786 | On market | 34.9m |
FDM | Freedom Oil & Gas | Joseph Camuglia | Buy | August 9 | 300,00 | 54000 | On market | 23m |
FDM | Freedom Oil & Gas | Roger Clarke | Buy | August 8 and 9 | 333,334 | 60000 | On market | 14.5m |
HCT | Holista CollTech | Chan Heng Fai | Buy | August 7 | 1.1m | 75710 | Share purchase plan | 46.2m |
PAN | Panoramic Resources | Peter Harold | Buy | August 10 | 1.45m | 0 | Vested performance rights | 6.7m |
ADX | ADX | Andrew Childs | Buy | August 14 | 325,000 | 3259 | Shares in lieu of remuneration | 22.2m |
ADX | ADX | Paul Fink | Buy | August 14 | 125,000 | 1250 | Shares in lieu of remuneration | 33.7m |
ADX | ADX | Paul Fink | Buy | August 14 | 825,000 | 8250 | Shares in lieu of remuneration | 10.6m |
AQX | Alice Queen | Andrew Buxton | Buy | August 8 and 10 | 1.29m | 37244 | On market | 62m |
ASN | Anson Resources | Bruce Mcleod | Buy | August 7 | 1.4m | 34090 | Exercise options | 9.5m |
BSR | Bassari Resources | Alexander Mackenzie | Buy | August 13 | 69,750 | 1451 | Off market | 62.1m |
DEM | De.Mem | Cosimo Trimigliozzi | Buy | August 13 | 25,000 | 3500 | On market | 409,616 |
EMP | Emperor Energy | Carl Dumbrell | Buy | August 14 | 2m | 6000 | On market | 50.2m |
NAG | Nagambie Resources | Michael Trumbell | Sold | August 7 | 909,091 | 100000 | Off market | |
NAG | Nagambie Resources | Michael Trumbell | Buy | August 14 | 1m | 100000 | Exercise options | 3.4m |
NIU | Niuminco Group | Tracey Lake | Buy | July 24 | 70m | 139999 | Rights issue and extinguish debt | 395.8m |
NIU | Niuminco Group | John Nethery | Buy | July 24 | 1m | 2013 | Rights issue | 1m |
NIU | Niuminco Group | Ian Plimer | Buy | July 24 | 20m | 40000 | Rights issue | 114.9m |
PPS | Praemium | Barry Lewin | Buy | August 14 | 100,000 | 90650 | On market | 315,000 |
SBB | Sunbridge Group | Jiyan Xu | Sold | August 10 | 23m | 276000 | Off market | 172.8m |
SCI | Silver City Minerals | Robert Besley | Buy | August 6 | 189,891 | 6000 | On market | 3.2m |
SDV | SciDev | Kieran Rodgers | Buy | August 11 | 17m | 100000 | Share placement | 40.2m |
SRG | SRG | Michael Atkins | Buy | August 13 | 200,000 | 165400 | Issue of securities | 300,000 |
THD | Thred | Hersh Majteles | Buy | August 8 | 10m | 25000 | On market | 22.7m |
TNI | Tando Resources | Patrick Bourke | Buy | August 14 | 150,000 | 25530 | On market | 150,000 |
TNT | Tesserent | Stefano Bertamini | Buy | August 14 | 214,285 | 14999 | Share purchase plan | 1.6m |
TNY | TinyBeans | Edward Geller | Buy | August 8 | 81200 | 44640 | Share purchase plan | 6.2m |
WNR | Wingara AG | Mark Hardgrave | Buy | June 10 | 142,857 | 0 | Private placement | 142,857 |
ABV | Advanced Braking Technology | Adam Levine | Buy | August 10 | 1.9m | 3888 | Entitlement offer | 7.8m |
ADX | ADX | Ian Tchacos | Buy | August 14 | 125,000 | 1250 | Shares in lieu of remuneration | 42.9m |
AHQ | Allegiance Coal | Mark Gray | Buy | August 14 | 50,000 | 2722 | On market | 23.2m |
AKM | Aspire Mining | David Paull | Buy | August 15 | 400,000 | 10000 | Exercise options | 34.2m |
AKM | Aspire Mining | Neil Lithgow | Buy | August 15 | 10m | 250000 | Exercise options | 237.3m |
ENA | Ensurance | Anthony Leibowitz | Buy | August 15 | 401,088 | 15256 | On market | 49m |
NEU | Neuren Pharmaceuticals | Patrick Davies | Buy | August 10,13, and 14 | 69,646 | 100001 | On market | 69,646 |
NVA | Nova Minerals | Avrohom Kimelman | Buy | August 15 | 450,000 | 10350 | On market | 30m |
SBR | Sabre Resources | Robert Collins | Sold | April 27 | 250,000 | 5500 | Not specified | 0 |
SMA | SmartTrans Holdings | Brendan Mason | Buy | August 9 | 1.4m | 104774 | Shares in lieu of remuneration | 1.4m |
SWJ | Stonewall Resources | Charles Guy | Buy | August 14 | 3.6m | 67464 | Shares in lieu of remuneration | 4.2m |
SWJ | Stonewall Resources | Bill Yang | Buy | August 14 | 5.3m | 100500 | Shares in lieu of remuneration | 8.6m |
SWJ | Stonewall Resources | Robert Thomson | Buy | August 14 | 1.8m | 35000 | Shares in lieu of remuneration | 5.1m |
SWJ | Stonewall Resources | Yang Liu | Buy | August 14 | 9.8m | 186100 | Shares in lieu of remuneration | 140m |
SWJ | Stonewall Resources | Trevor Fourie | Buy | August 14 | 15m | 284100 | Shares in lieu of remuneration | 40.8m |
TAU | Trustees Australia | Michael Hackett | Sold | August 9 | 1700 | 510 | On market | 19m |
BOA | Boadicea Resources | Domenic De Marco | Buy | August 14 | 10,000 | 1200 | On market | 146,000 |
DCG | Decmil Group | Scott Criddle | Buy | August 16 | 441,592 | 0 | Converted performance rights | 6m |
EPW | ERM Power | Jonathan Stretch | Buy | October 26, 2017 | 1.2m | $1.5m | Shareholder approved incentive plan | |
EPW | ERM Power | Jonathan Stretch | Sold | August 16 | 253,980 | 0 | Shares forfeited under incentive plan | 2.9m |
HPR | High Peak Royalties | Andrew Carroll | Buy | August 16 | 100,000 | 4959 | On market | 9.2m |
IRC | Intermin Resources | Jonathan Price | Buy | August 14 | 300,000 | 51000 | Off market | 4.8m |
NEU | Neuren Pharmaceuticals | Jenny Harry | Buy | August 10 | 14,084 | 20584 | On market | 14,084 |
OEL | Otto Energy | Ian Boserio | Buy | August 9-14 | 500,000 | 36450 | On market | 2.6m |
TON | Triton Minerals | Xingmin Ji | Buy | August 15 | 101,289 | 5246 | On market | 101,289 |
TTM | Titan Minerals | Matthew Carr | Buy | August 10 | 62.4m | 0 | Issue of Titan shares after Andina takeover | 67.4m |
TTM | Titan Minerals | Nicholas Rowley | Buy | August 10 | 18.5m | 0 | Issue of Titan shares after Andina takeover | 23.5m |
TTM | Titan Minerals | Cameron Henry | Buy | August 10 | 42,373 | 0 | Issue of Titan shares after Andina takeover | 42,373 |
COE | Cooper Energy | Elizabeth Donaghey | Buy | August 16 | 80,000 | 37200 | On market | 80,000 |
EMP | Emperor Energy | Carl Dumbrell | Buy | August 17 | 2m | 6000 | On market | 52.2m |
ENA | Ensurance | Anthony Leibowitz | Buy | August 16 | 500,000 | 19,029 | On market | 49.6m |
MZZ | Matador Mining | Grant Davey | Buy | August 10 | 76,900 | 26180 | On market | 1.5m |
BBN | Baby Bunting Group | Gary Levin | Sold | August 13 and 14 | 188,000 | 458654 | On market | 200,000 |
BBN | Baby Bunting Group | Donna Player | Buy | August 13 | 20,000 | 49122 | On market | 36,000 |
AHQ | Allegiance Coal | Mark Gray | Buy | August 15 and 17 | 51,722 | 2865 | On market | 23.2m |
8IH | 8I Holdings | Ken Chee | Buy | August 15 and 16 | 53,474 | 5882 | On market | 86.5m |
KLH | Kalia | David Johnston | Buy | August 16 | 625,000 | 5000 | Off market trade between Vida Johnston Deceased Estate and David Johnston | 19.3m |
KME | Kip McGrath Education Centres | Diane Pass | Buy | June 26 | 30,000 | 18020 | On market | 30,000 |
ADX | ADX Energy | Robert Brown | Buy | August 14 | 325,000 | 3250 | Shares in lieu of remuneration | 5.2m |
SCT | Scout Security | Anthony Brown | Buy | April 12 and August 13 | 350,000 | 90174 | On market and off market issue of new shares | 1.9m |
STA | Strandline Resources | Luke Graham | Buy | August 15 | 2.8m | 82500 | Converted performance rights and shares issued as remuneration | 4.5m |
SXY | Senex Energy | Ian Davies | Buy | July 1, August 13 and 14 | 2.8m | 255000 | Exercise options and vesting performance rights and stock appreciation rights (SARs) | 5.7m |