AUR

0.00%

0.5¢ auris minerals limited

Ann: Change of Director's Interest Notices, page-5

First 5 Last

Share
Profile

Follow
westaussie

2,282 Posts.

266

26/09/17

19:43

Post #: 27472953
Share

Originally posted by Shady Merv ↑

Thanks gutfeeling.

The company Policy is also important, as per here: https://www.aurisminerals.com.au/wp-content/uploads/Auris-Securities-Trading-Policy.pdf.

I have plucked out these parts:

# This Policy applies to RNI Directors, Key Management Personnel, officers, employees and consultants (“Staff”).

# In this Policy, "RNI securities" means shares, rights and options.

# While in possession of price sensitive information, Staff shall not:  trade in RNI securities...

# RNI's overriding policy is that Staff shall not be dealing in RNI securities in any period they are in possession of price sensitive information. Furthermore, there may be occasions when the RNI board imposes a suspension on the ability of Staff to trade at a time when trading might otherwise have been allowed.

#The following dealings are not subject to this policy: dealings under an offer or invitation made to all or most of the shareholders of RNI, such as a rights issue, a security purchase plan...; 

The query that I have is what is meant by 'trade' or 'trading'? Would the exercise of an option be considered a trade? Imo, 'no', but it is debatable. Anyway, if 'yes', would the last bullet point exception exclude it?

Anyway, there are 2 ways of looking at this, and both are good I reckon:

1. They know about the drilling position and were not put off (one way of putting it ) by it and were not prevented by ASX Rules or Company policy from exercising the options, and

2. They, like Manuel from Fawlty Towers or Sgt Schultz, had no inside knowledge about the drilling putting them in the same ignorant position as us outsiders - meaning that the news could still be excellent.

The underlying issue though is that the company cannot sit on price-sensitive info for any period at all, meaning that the drilling did/has not hit mineralisation that would affect the SP should it become public info.

Expand

What it tells you Shady is there is nothing in the drill core to report, so they can take up as many options as they like.

AUR Price at posting: 8.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

VUL

Vulcan appoints investment bank and M&A veteran to board

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

There are more pages in this discussion • 15 more messages in this thread...

First 5 Last

Add AUR (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $2.383M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
5	1684032	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	688617	4

View Market Depth

No.	Vol.	Price($)
4	1464032	0.005
5	1249480	0.004
4	2310000	0.003
3	2200000	0.002
2	1300000	0.001

Price($)	Vol.	No.
0.007	688617	4
0.008	3100000	2
0.009	140000	1
0.010	984315	2
0.015	106357	1

Last trade - 16.12pm 13/09/2024 (20 minute delay)

AUR (ASX) Chart

Day chart unavailable

Ann: Change of Director's Interest Notices, page-5

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Change of Director's Interest Notices, page-5

Top Stories

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News