Directors’ Trades: Which ASX company director put another $3.6 million into their gold stock?
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Gold prices may be falling but one ASX company director bought another $3.6 million of shares in their gold stock.
His company has a project in South Australia which has a mineral resource of 1.1 million tonnes grading 4.3g/t for 152,000 ounces.
Alliance Resources told shareholders in its latest quarterly that it has found interstate travel challenging for exploration activities but is planning a new phase of exploration at the project.
The pair invested $500,000 each in their respective companies’ placements.
In tech, Comms Group’s (ASX:CCG) Peter McGrath bought $200,000 in a placement.
The most notable sellers were Allan Buckler and James Brown of Canada-focused lithium explorer Sayona Mining (ASX:SYA).
While the company has not yet given a reason for the sales Secos Group (ASX:SES) Richard Tegoni, who sold $1.76 million in shares, did give a reason – repaying debt.
Rounding out the big sales is Dominic O’Hanlon of cloud computing play Rhipe (ASX:RHP). He parted with $1,643,943 in shares on market last week.