I think we can say for certain that there'll be no announcement re offtake/financing so close to director buying (this could easily be construed as insider trading like you said). Although this should already be a given as, a) EIA not granted yet and b) management has informed us that it could be up to 6 months after decision to mine before financing being implemented.
RE other deliverables, it would be questionable that director buying occurred right before any other price-sensitive announcement. This is referring to price-sensitive information on items the company has full control over (ie upgraded feasibility study). As EIA is out of companies control, this could come at any time - tomorrow or another 12 months - and I believe would be fine to release.
As negligible as $20k is as an amount for a Director purchase (as a comparison, another stock I'm holding, director is participating in a raise with $200k of his own money), IMO something is better than nothing, even though it doesn't hint to anything apart from likely no update for a little while on the project front.
AGY Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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