Director Transactions

Insider trades: Directors bought shares in these 25 ASX companies last week

Fri 18 Aug 23, 1:05pm (AEDT)
BUY signals stock exchange ASX
Source: iStock

Key Points

  • Diamond company director's near-$250,000 stock purchase was the week's biggest
  • Last week saw a raft of stock buys from inside junior resource companies
  • Jeff Kennett bought $50,000 worth of Original Juice Company stock

Welcome back to the Insider Trades Series – A summary of on-market director trades valued at more than $10,000 between 7 August and 14 August 2023.

Today's list of small- and mid-cap director transactions is the longest we've featured in a while, reflecting the pickup in activity that is particularly apparent among firms that have now handed down either their quarterly figures and/or their FY2023 results. (Which is why we're back to splitting out the small and larger caps - you can find the latter here, thanks to Market Index's Kerry Sun.)

Code

Company

Date

Director

Type

Price

Value

LOM

Lucapa Diamond Company

7/8/2023

Ross Stanley

Buy

$0.04

$248,650

A11

Atlantic Lithium

8/8/2023

Neil Herbert

Buy

$0.34

$97,273

TBN

Tamboran Resources

8/8/2023

David Siegel

Buy

$0.15

$87,000

ODE

Odessa Minerals

9/8/2023

Zane Lewis

Buy

$0.01

$80,000

CPV

Clearvue Technologies

11/8/2023

Gerd Hoenicke

Buy

$0.33

$79,194

FAU

First Au

9/8/2023

Daniel Raihani

Buy

$0.00

$75,000

A11

Atlantic Lithium

9/8/2023

Amanda Harsas

Buy

$0.34

$67,724

GWA

GWA Group

14/8/2023

Darryl McDonough

Buy

$2.08

$62,480

WAR

Wam Strategic Value

8/8/2023

Geoffrey Wilson

Buy

$1.00

$59,076

CDM

Cadence Capital

9/8/2023

Karl Siegling

Buy

$0.80

$57,439

ELT

Elementos

11/8/2023

Andrew Greig

Buy

$0.14

$56,880

NC1

Nico Resources

9/8/2023

Roderick Corps

Buy

$0.39

$52,102

A11

Atlantic Lithium

10/8/2023

Lennard van Oosterwijk

Buy

$0.35

$51,983

SSL

Sietel

10/8/2023

Richard Rees

Buy

$8.90

$44,500

SSL

Sietel

10/8/2023

Geoffrey Rees

Buy

$8.90

$44,500

AWJ

Auric Mining

8/8/2023

Mark English

Buy

$0.05

$42,983

SSL

Sietel

9/8/2023

Richard Rees

Buy

$8.50

$42,500

ODE

Odessa Minerals

9/8/2023

David Lenigas

Buy

$0.01

$39,625

ELT

Elementos

7/8/2023

Andrew Greig

Buy

$0.15

$30,000

OJC

The Original Juice

9/8/2023

Jeffrey Kennett

Buy

$0.10

$25,137

OJC

The Original Juice

8/8/2023

Jeffrey Kennett

Buy

$0.10

$25,000

EVR

EV Resources

9/8/2023

Hugh Callaghan

Buy

$0.02

$22,500

PAT

Patriot Lithium

7/8/2023

Philip Thick

Buy

$0.22

$22,214

TBN

Tamboran Resources

14/8/2023

David Siegel

Buy

$0.14

$21,600

PAT

Patriot Lithium

7/8/2023

Nicholas Vickery

Buy

$0.21

$21,325

EMD

Emyria

9/8/2023

Stewart Washer

Buy

$0.09

$21,240

COD

Coda Minerals

10/8/2023

Christopher Stevens

Buy

$0.23

$20,125

WCN

White Cliff Minerals

8/8/2023

Roderick Mcillree

Buy

$0.01

$20,000

LSR

Lodestar Minerals

7/8/2023

Edward Turner

Buy

$0.01

$20,000

ALM

Alma Metals

8/8/2023

Alasdair Cooke

Buy

$0.01

$19,437

EMD

Emyria

8/8/2023

Michael Winlo

Buy

$0.10

$19,200

NES

Nelson Resources

9/8/2023

Nicholas Ong

Buy

$0.01

$18,098

NES

Nelson Resources

9/8/2023

Daniel Smith

Buy

$0.01

$18,098

CDM

Cadence Capital

10/8/2023

Karl Siegling

Buy

$0.80

$17,740

NC1

Nico Resources

10/8/2023

Roderick Corps

Buy

$0.42

$17,248

BUR

Burley Minerals

9/8/2023

Bryan Dixon

Buy

$0.12

$15,257

PAT

Patriot Lithium

7/8/2023

Matthew Gauci

Buy

$0.22

$15,106

KAU

Kaiser Reef

10/8/2023

Jonathan Downes

Buy

$0.15

$15,000

ASP

Aspermont

8/8/2023

John Stark

Buy

$0.02

$13,500

EMD

Emyria

9/8/2023

Alistair Vickery

Buy

$0.09

$10,849

PAT

Patriot Lithium

8/8/2023

Oliver Kreuzer

Buy

$0.20

$10,000

Big buy at diamond digger

In small- and mid-caps, the largest one-off transaction of the period saw just under a-quarter-of-a-million-dollars’ worth of explorer Lucapa Diamond Company’s (ASX: LOM) stock bought by non-executive director Ross Stanley on 7 August.

Lucapa
Lucapa Diamond's 12-month share price (Source: Market Index)

Jeff Kennett siphons up micro-cap juice stock

Last week saw a raft of multiple buys from inside the same companies, with 11 instances involving one or more directors.

Perhaps the highest profile individual was Jeffrey Kennett, who served as Victorian Premier between 1992 and 1999 and two stints as president of the Hawthorn AFL club (2005-2011 and 2017-2022). Kennett siphoned up $50,000 worth of The Original Juice Co. stock last week, a $24 million market cap company that he joined as chairman in March, buying one $25,000 parcel of shares on 8 August and another on 9 August.

Kennett is reportedly set on helping turn around the fortunes of the company, which recently rebranded from Food Revolution Group and owns the third-largest juice brand in Australia. It reported 30% revenue growth of $14.5 million in Q4 FY23.

Original Juice Co
Original Juice Co's 12-month share price (Source: Market Index)

Trading picks up inside resources juniors

Plenty of stock buying occurred inside resources juniors, too, including at Tamboran Resources (ASX: TBN), Patriot Lithium (ASX: PAT), Odessa Minerals (ASX: ODE), Nico Resources (ASX: NC1), Nelson Resources (ASX: NES), Elementos (ASX: ELT) and Atlantic Lithium (ASX: A11).

The largest of these saw more than $216,000 worth of stock acquired by Neil Herbert, Amanda Harsas, and Lennard van Oosterwijk – the respective chairman, finance director and head of business development at West African-based explorer Atlantic Lithium.

Atlantic
Atlantic's 12-month share price (Source: Market Index)

North American-focused explorer Patriot Lithium also saw just under $70,000 worth of stock bought by four directors – chairman Phil Thick, MD and CEO Nicholas Vickery, executive director Matt Gauci and technical director Oliver Kreuzer.

Patriot Lithium
Patriot Lithium's 12-month share price (Source: Market Index)

Tamboran Resources director David Siegel acquired $108,000 worth of the natural gas explorer’s stock in two separate transactions on 8 August and 14 August.

Tamboran
Tamboran's 12-month share price (Source: Market Index)

 

Written By

Glenn Freeman

Content Editor

Glenn is a Content Editor at Livewire Markets and Market Index. Glenn has almost 20 years’ experience in financial services writing and editing. Glenn’s journalistic experience also spans energy and automotive, in both Australia and abroad – including the Middle East – where he edited an oil and gas publication in the United Arab Emirates.

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