Director trades: All the action is under the radar

Just two small cap directors shelled out sizeable coin for stock last week.

An Axiom Mining (ASX:AVQ) capital raising bagged two big spenders, the CEO and the managing director of Axiom’s largest shareholder.

The CEO is Ryan Mount, who chipped in $100,000 for shares. The total value of his shareholding in the “Pacific Rim” explorer is $226,862.

And the managing director is Jeffrey Markoff, who runs Ack and bought $2.4m worth of stock in the raising.

Ack does not, in fact, have anything to do with the minerals industry: it runs aged care homes in WA.

Mr Markoff appeared as a substantial shareholder in April 2016, with an ante of $4m which gave up just over 7 per cent of the company. He didn’t join the board until two years later, when the company lauded his pedigree as a lawyer and a builder of aged care businesses.

Apparently he has a “sophisticated property and mining investment background”.

Mr Markoff now owns almost 10 per cent of the explorer.

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Watching the tiddlers

One again it was the under-the-radar movers and shakers who were active.

Fourteen small cap directors made on-market trades between $10,000 and $100,000.

But even amongst these 14 almost all trades were under $20,000.

These are the biggest and most interesting of the tiddlers:

Praemium (ASX:PPS) director David Lipshut, who joined the company in a boardroom spill, just after the CEO was fired then re-hired back in 2017, bought $89,250 of stock for his super fund.
Noxopharm (ASX:NOX) founder Graeme Kelly bought $27,282 of stock. Mr Kelly allegedly cured himself of cancer using his own experimental drug, which the company is now seeking to prove works via clinical trials.
Santa Fe Minerals (ASX:SFM) managing director Douglas Rose bought $25,688 worth of shares. Santa Fe has fingers in all of the popular pies, from gold to vanadium.
Kathyrn Foster, director at fancy earbud maker Nuheara (ASX:NUH), bought $49,620 of stock on market for her super fund.
And Lev Mizikovsky is at it again: the Tamawood (ASX:TWD) founder bought almost $16,000 of stock. He’s been slowly building his position since the stock price tanked in November, and his stake is still hovering under 50 per cent of the company.