I believe that to be correct Kelder.My understanding of ASX...

I believe that to be correct Kelder.

My understanding of ASX governance is all directors must report their share purchases within 5 business days.

They may be liable for potential insider trading if their buy or sell financially favours them, without prior market announcement/ disclosure of information. ASX would be instrumental in determining this.

In Alex's case, disclosure that he has bought more shares wouldn't be required for 5 business days i.e. if he was an on market buyer last Friday or Yesterday, disclosure won't be required until this Friday or next Monday.

My view also, is that he is currently in confidential discussions with one or more Nickel buyers, which precludes him or any other directors from buying until disclosure of the deal is announced.