" If he doesn’t' t dump, I will assume that is because he knows what's already negotiated in the pipeline for AVZ due to his position there, and leaving it in for the gains."
@Tcob, if it’s already negotiated, then its agreed and needs to be announced to the market…if it’s not finalised , it doesn’t need to be announced to the market. Ozblue then puts his own spin on it
Ozblue’s reply – ‘How is it people do not understand that there is NOTHING in the pipeline that Klaus knows about!’
Lol, hold on there now China ; This is not correct…actually its quite misleading…I’m sure you didn’t mean it Oz; getting to be a bit of a habit though it would seem; particularly on the AVZ threads before you go on to bag AVZ on the PLS threads, hail the great Lord Brinsden (but funny how you hailed down with fire and brimstone on Ken when he was dishing out cheap and free shares and oppies in the early PLS days, but all forgotten now and it’s like only AVZ management have being doing it)…anyway let’s move on.
Directors aren’t prevented from trading due to things in a ‘pipeline’ information, as this information has not been finalised / still in negotiation, it must also coincide with ASX blackout time lines. Trading is not permitted under the law in any circumstances if the person trading knows unannounced, price-sensitive information that is ready for release and short of the asx blackout period as listed in the ASX dealing rules and the Companies own Trading policy
The asx dealing rules https://www.asx.com.au/documents/about/Dealing-Rules.pdf , in addition to these trading rules, each company has its own trading policy, AVZ’s is here https://avzminerals.com.au/corporate-governance/
AVZs policy is fairly much aligned with the asx dealing rules and directors do have block out periods in which they cannot trade in during periods which may material effect the company shareprice; these blackout periods are
- 4 weeks from the day after release of ASX’s half-year and full-year results – Klaus all clear
- 2 weeks from the day after release of a trading update, and – In this event, no matter if the pipeline is about to bust with deals which are about to be finialised or are about to all fall apart or are in any state of negotiation…unless this information is to be known and announced to the market within this 2 week period then Klaus is all clear ( this is the one that you failed at Oz)
- 4 weeks from the day after ASX’s Annual General Meeting – Klaus all clear
- The Trading Window may be shortened, changed or closed at any time. – Not applicable / didnt happen
AVZs addition is
- 2 week period prior to the making of any JORC Resource and/or Reserve Statement and ending once the statement has been lodged on the ASX announcements platform (Klaus all clear – announced start of June, JORC not till July)
The Company may also impose blackout periods from time to time in connection with specific material developments. Depending on the circumstances, these trading blackouts may be announced or unannounced.
So no, your post is chocker full of miss information, so probably best get it moderated. Whether there is a deal in the making or not, so long as this information is made two weeks after Klaus has sold, then there is no issue what so ever
‘
‘How is it people do not understand that there is NOTHING in the pipeline that Klaus knows about!’, lol, Klaus can be fully aware of whats in the pipeline Oz; so long as its not sorted within those two week hes game on.
News of course can come in unexpected ...should some 'unexpected' news which may have a material effect on the company shareprice arrive after the director has sold...well if its positive news, it a bit of tough titty and its generally just glossed over, but if its negitive news and the director has sold short of the asx blackout time periods, well then asic looks a bit closer.
(20min delay)