AZY 9.09% 1.2¢ antipa minerals limited

Ann: Change of Director's Interest Notice (x5), page-4

  1. 3,034 Posts.
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    https://hotcopper.com.au/data/attachments/2490/2490768-baf9cd82aec614d0e4d4f30e95d9a061.jpg
    The early August sale by directors caused a lot of comment on HC and seemed (did?) to negatively impact the SP.

    Some rounded figures (without any comments from the participants) so draw your own conclusions.

    If accurate these two directors did convert options at 4.6c but the number is less than what was sold in August leaving around $100K "in pocket" subject to applicable costs.

    The other directors with 4.6c options allowed them to lapse.

    The company receives $300K to add to the already substantial kitty.

    FWIW: IMO the sale in August directly or indirectly funded the option conversion.
    The similarity of shares traded suggests some logic behind the transactions which will remains private to the directors.
    On balance the previous comments (many negative) do not, IMO, carry as much weight now, if any.
    The sale in August did create uncertainty, and as such may have been handled differently. How? Some form of disclosure even if not legally required?

    =======================
    Interesting to see the range of predicted end of year close SP for AZY. About as wild as the probabilities geophysical/geol anomalies will turn into Tier 1/2 deposits.
    AZY and their JV partners are in it to win and have many very exciting chances to convert to deposits and ultimately mines.
    The Winu discovery certainly shows how two drill holes can create a storm at the end of a field season in the Paterson. Bring it on
    GLTAH.

    Last edited by salpetie: 21/09/20
 
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