Director Transactions

The ASX stocks company insiders are buying and selling

Mon 13 May 24, 1:30pm (AEST)
insider trades
Source: Shutterstock

Key Points

  • Tietto Minerals insiders have been selling shares, seemingly locking in prices amidst a takeover offer for the company
  • Another Capricorn Metals insider has sold a large parcel, the third insider to do so since December last year
  • Insider have been buying other resources companies – but amid vastly different circumstances

Welcome back to the Insider Trades Series – A weekly summary of on-market ASX director transactions valued at more than $10,000. The trades have all taken place between 1 May and 9 May 2024. Directors have up to 5 business days to notify the ASX of their trades.

Richard White of Wisetech Global (ASX: WTC) once again tops the list but, as we’ve discussed in recent weeks, this seems to be part of his seasonal sell-down and whilst the numbers are large ($18 million plus last time and $23 million plus this time), he still owns a huge amount of the company worth billions of dollars. In percentage terms, his sales a miniscule.

Capricorn Metals (ASX: CMM) non-executive director (NED), Myles Ertzen sold more than $9 million worth of stock on 2 May. In December last year, fellow NED, Donald Okeby sold more than $9 million worth of shares, whilst Executive Chairman Mark Clark sold $23 million worth on the say day – 4 December.


Tietto Minerals selling

Insider have been selling Tietto Minerals (ASX: TIE). It is under takeover offer from Zhaojin Capital (Hong Kong) Limited, with the takeover offer $0.68 per share. Seems some directors were locking in the gains and securing some certainty and provided the following in an announcement to the market today;

Tietto Directors consider that the risks associated with continuing to hold Tietto shares outweigh the advantages of continuing to hold Tietto shares, such that Tietto shareholders are urged to either: - ACCEPT into the Offer; or - otherwise sell their Tietto shares on the ASX if the prevailing market price is not materially different to the Offer price.

Code

Company

Date

Director

Type

Price

Value

TIE

Tietto Minerals Ltd

1/05/2024

Matthew Wilcox

Sell

$0.68

$3,413,077

TIE

Tietto Minerals Ltd

1/05/2024

Francis Harper

Sell

$0.67

$3,166,656

TIE

Tietto Minerals Ltd

1/05/2024

Paul Kitto

Sell

$0.67

$2,010,000

Tietto Minerals director selling

Santana Minerals buying

Insider have been buying Santana Minerals (ASX: SMI), the company that is developing the Bendigo-Ophir project in New Zealand, with hopes of turning it into a world class, long life, environmentally sustainable mining project. The company completed a capital raise in April and the share price has enjoyed strong gains over the past 12 months.

Code

Company

Date

Director

Type

Price

Value

SMI

Santana Minerals Ltd

6/05/2024

Peter Cook

Buy

$1.14

$399,244

SMI

Santana Minerals Ltd

6/05/2024

Samuel Smith

Buy

$1.13

$49,500

SMI

Santana Minerals Ltd

3/05/2024

Samuel Smith

Buy

$1.15

$30,915

SMI

Santana Minerals Ltd

8/05/2024

Damian Spring

Buy

$1.09

$10,900

Santana Minerals director buying

Cazaly Resources buying

The only other company to see multiple insiders buying over the period was mining company, Cazaly Resources (ASX: CAZ). Cazaly has a diverse portfolio of mineral projects in Canada, Australia and Namibia. The share price has been beaten up over the past 12 months but, as we’ve noted before, insiders are adept at buying when their stock is cheap. Is now one of those times?

Code

Company

Date

Director

Type

Price

Value

 

CAZ

Cazaly Resources Ltd

2/05/2024

Tara French

Buy

$0.02

$16,704

 

CAZ

Cazaly Resources Ltd

2/05/2024

Clive Jones

Buy

$0.02

$16,020

 

Cazaly Resources director buying

The remaining insider trades

Code

Company

Date

Director

Type

Price

Value

TCF

360 Capital Mortgage REIT

3/05/2024

Tony Pitt

Buy

$5.15

$97,072

AKG

Academies Australasia Group Ltd

6/05/2024

John Schlederer

Buy

$0.19

$44,659

ARR

American Rare EARTHS Ltd

7/05/2024

Geoffrey Hill

Sell

$0.27

$319,227

ARR

American Rare EARTHS Ltd

2/05/2024

Geoffrey Hill

Sell

$0.30

$244,873

APZ

Aspen Group

2/05/2024

Clive Appleton

Buy

$1.74

$77,203

APZ

Aspen Group

7/05/2024

Clive Appleton

Buy

$1.75

$27,410

BAS

Bass Oil Ltd

8/05/2024

Giustino (Tino) Guglielmo

Buy

$0.07

$14,600

BMT

Beamtree Holdings Ltd

6/05/2024

Emma Gray

Buy

$0.19

$127,143

BUR

Burley Minerals Ltd

6/05/2024

Bryan Dixon

Buy

$0.05

$37,270

CXL

CALIX Ltd

3/05/2024

Sarah Ryan

Buy

$1.35

$13,500

CMM

Capricorn Metals Ltd

2/05/2024

Myles Ertzen

Sell

$4.90

$9,856,541

CVN

Carnarvon Energy Ltd

7/05/2024

Robert Black

Buy

$0.19

$192,500

CHW

Chilwa Minerals Ltd

3/05/2024

Manuel Mota

Buy

$0.46

$11,500

DTR

Dateline Resources Ltd

7/05/2024

Stephen Baghdadi

Buy

$0.01

$15,016

EE1

EARTHS Energy Ltd

7/05/2024

Grant Davey

Buy

$0.01

$25,914

EMS

Eastern Metals Ltd

6/05/2024

Robert (Bob) Duffin

Buy

$0.03

$19,650

EVR

EV Resources Ltd

8/05/2024

Adrian Paul

Buy

$0.00

$14,473

EVG

Evion Group NL

8/05/2024

David Round

Buy

$0.03

$21,813

EVZ

EVZ Ltd

1/05/2024

Graham Burns

Buy

$0.14

$71,556

HSN

Hansen Technologies Ltd

7/05/2024

David Trude

Sell

$4.75

$28,500

IMR

Imricor Medical Systems Inc

7/05/2024

Peter McGregor

Buy

$0.48

$48,368

IND

Industrial Minerals Ltd

8/05/2024

Ashley Pattison

Buy

$0.17

$16,700

IEC

Intra Energy Corporation Ltd

2/05/2024

Benjamin (Ben) Dunn

Buy

$0.00

$10,000

IRE

Iress Ltd

7/05/2024

Roger Sharp

Buy

$8.48

$50,880

LSF

L1 Long Short Fund Ltd

9/05/2024

Raphael Lamm

Buy

$3.03

$17,171

LSF

L1 Long Short Fund Ltd

9/05/2024

Mark Landau

Buy

$3.03

$17,171

LSF

L1 Long Short Fund Ltd

7/05/2024

Mark Landau

Buy

$3.00

$52,416

LSF

L1 Long Short Fund Ltd

7/05/2024

Raphael Lamm

Buy

$3.00

$52,416

LSF

L1 Long Short Fund Ltd

8/05/2024

Raphael Lamm

Buy

$3.00

$51,071

LSF

L1 Long Short Fund Ltd

8/05/2024

Mark Landau

Buy

$3.00

$51,071

LFS

Latitude Group Holdings Ltd

1/05/2024

Bob Belan

Sell

$1.15

$1,525,036

LVH

Livehire Ltd

7/05/2024

Christy Forest

Buy

$0.02

$200,000

LPE

Locality Planning Energy Holdings Ltd

3/05/2024

Simon Tilley

Buy

$0.08

$16,176

MKG

Mako Gold Ltd

2/05/2024

Peter Ledwidge

Buy

$0.02

$21,428

MSB

Mesoblast Ltd

8/05/2024

Eric Rose

Buy

$7.66

$151,207

MAC

Metals Acquisition Ltd

6/05/2024

Graham Hoff

Buy

$12.45

$249,983

MFF

MFF Capital Investments Ltd

3/05/2024

Christopher Mackay

Buy

$3.50

$916,538

NAB

National Australia Bank Ltd

7/05/2024

Alison Kitchen

Buy

$34.00

$148,920

NCK

Nick Scali Ltd

7/05/2024

Carole Molyneux

Buy

$14.69

$367,327

OMA

Omega Oil & Gas Ltd

2/05/2024

Andrew Hackwood

Buy

$0.18

$22,051

PNR

Pantoro Ltd

7/05/2024

Colin McIntyre

Sell

$0.09

$86,236

PCG

Pengana Capital Group Ltd

2/05/2024

David Groves

Buy

$0.84

$14,280

PVE

Po Valley Energy Ltd

6/05/2024

Kevin Bailey

Buy

$0.04

$47,328

PSC

Prospect Resources Ltd

1/05/2024

Gerry Fahey

Buy

$0.16

$58,162

PWH

PWR Holdings Ltd

7/05/2024

Jason Conroy

Buy

$11.95

$119,500

RFT

Rectifier Technologies Ltd

3/05/2024

Zorn Wong

Buy

$0.02

$20,219

SFR

Sandfire Resources Ltd

2/05/2024

Brendan Harris

Sell

$9.26

$1,595,803

STO

Santos Ltd

2/05/2024

John Lydon

Buy

$7.44

$273,792

TLM

Talisman Mining Ltd

1/05/2024

Peter Benjamin

Buy

$0.26

$24,000

TIP

Teaminvest Private Group Ltd

6/05/2024

Howard Coleman

Buy

$1.39

$48,800

WTC

Wisetech Global Ltd

2/05/2024

Richard White

Sell

$90.76

$23,372,696

WTC

Wisetech Global Ltd

2/05/2024

Maree Isaacs

Sell

$90.76

$2,078,585

Z2U

ZOOM2U Technologies Ltd

2/05/2024

Stephen (Steve) Orenstein

Buy

$0.08

$12,150

Z2U

ZOOM2U Technologies Ltd

1/05/2024

Stephen (Steve) Orenstein

Buy

$0.08

$10,969

 

Written By

Chris Conway

Managing Editor

Chris is the Managing Editor at Livewire Markets and Market Index. His passion is equity research, portfolio construction, and investment education. He is also very keen on the powerful processes that can help all investors identify great opportunities and outperform the market, and wants to bring them to life and share them with you.

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