NewsEvening Wrap: ASX 200 suffers worst day in nine weeks as Real Estate, Copper and Gold stocks slide
Wed 09 Jul 25, 4:52pm (AEST)
Director Transactions
The ASX stocks company insiders are buying and selling
By
Chris Conway
Mon 13 May 24, 1:30pm (AEST)
Source: Shutterstock
Stocks in article
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 |
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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