Insider Trades: Directors are buying shares in these 11 ASX companies
Iperionx tops the leaderboards with the largest insider buy last week.
Source: Shutterstock
Mentioned
KEY POINTS
- Iperionx Executive Chairman Todd William Hannigan bought three sizeable parcels last year
- Iperionx is seeking to establish a domestic supply of critical minerals, starting with titanium
- Minor sales came from Non-Executive Directors selling into recent share price strength
Welcome back to the Insider Trades Series – A summary of on-market director transactions valued at more than $10,000 that have taken place between 29 December 2023 and 9 January 2024.
Insider Buys
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
Iperionx | 3/01/24 | Buy | $1.38 | $643,455 | ||
Intelligent Monitoring Group | 29/12/23 | Buy | $0.45 | $271,799 | ||
Green Technology Metals | 2/01/24 | Buy | $0.28 | $100,215 | ||
Clime Capital | 29/12/23 | Buy | $0.81 | $81,403 | ||
Jindalee Lithium | 8/01/24 | Buy | $1.00 | $80,000 | ||
Atlantic Lithium | 2/01/24 | Buy | $0.40 | $40,000 | ||
Decmil Group | 3/01/24 | Buy | $0.20 | $23,400 | ||
AMA Group | 29/12/23 | Buy | $0.07 | $19,999 | ||
3P Learning | 29/12/23 | Buy | $1.36 | $19,116 | ||
Bryah Resources | 5/01/24 | Buy | $0.01 | $13,110 | ||
RPM Automotive Group | 4/01/24 | Buy | $0.09 | $12,519 |
Iperionx Executive Chairman Todd William Hannigan was the only director from the company to accumulate shares last year via three transactions totalling 1.8 million shares or $2.2 million – Bringing his total shareholding to around 17.5 million shares.
Date | Director | Type | Price | Value | Notes |
|---|---|---|---|---|---|
3/01/24 | Buy | $1.38 | $643,455 | On-market trade | |
13/11/23 | Buy | $1.47 | $763,141 | On-market trade | |
5/05/23 | Buy | $0.99 | $842,269 | On-market trade |
Iperionx is developing sustainable, US-based supply chains for critical minerals, starting with titanium. Here's a simple breakdown of their key activities:
Developing innovative titanium processing technologies via patented metal processing that aims to produce high-quality titanium alloys at lower cost and emissions
Building a domestic titanium supply chain via the company's 100% owned Titan Project in west Tennessee. The project has received all permits required for development and is one of the largest titanium, zirconium and rare earth deposits in the US
The company's latest letter to shareholders highlighted the following plans for 2024:
Commissioning of its large-scale, industrial furnace in Virginia in the first half of 2024
Commission advanced titanium manufacturing facility and showcase production of low-cost and high-performance titanium products in the first half of 2024
Develop strategic partnerships to advance the Titan Project
Worth noting: In October the company received a letter of interest from the US Export-Import Bank for the provisional sum of US$11.5m. In November, the company was awarded with a US$12.7 million grant from the US Department of Defense and raise an additional US$16.7 million in equity from existing investors
Iperionx price chart (Source: Market Index)
Insider Sells
The below data features directors from Supply Network, Austco and Chrysos Corp selling into recent share price strength. They're all Non-Executive Directors except for Clayton Astles – The Chief Executive of Austco. His transaction reflects the exercise of 884,600 options followed by the sale of 793,800 shares on-market. Overall, nothing much to see here.
Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
Supply Network | 9/01/24 | Sell | $16.25 | $812,500 | ||
Austco Healthcare | 29/12/23 | Sell | $0.19 | $151,511 | ||
Ausgold | 5/01/24 | Sell | $0.03 | $41,478 | ||
Chrysos Corporation | 29/12/23 | Sell | $8.06 | $22,253 | ||
Helios Energy | 29/12/23 | Sell | $0.06 | $36,900 |
