WMT western metals limited

director buys another 1.1mil this week

  1. 20,008 Posts.
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    Well directors are doing 1 thing right & buying up some decent amounts, Peter Smith bought 1.1mil yesterday & another 1.1mil a few weeks ago, encouraging but we also need some strong broker support to come back into the stock, buy & hold:


    Appendix 3Y
    Change of Director’s Interest Notice
    + See chapter 19 for defined terms.
    11/3/2002 Appendix 3Y Page 1
    Rule 3.19A.2
    Appendix 3Y
    Change of Director’s Interest Notice
    Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
    Introduced 30/9/2001.
    Name of entity: Western Metals Ltd
    ABN: 69 009 150 618
    We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
    Name of Director
    Peter Smith
    Date of last notice
    4 February 2008
    Part 1 - Change of director’s relevant interests in securities
    In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
    Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
    Direct or indirect interest
    Indirect
    Nature of indirect interest
    (including registered holder)
    Note: Provide details of the circumstances giving rise to the relevant interest.
    Held:

    In Mr Smith’s Superfund
    Date of change
    19 February 2008
    No. of securities held prior to change
    2,500,000 Ordinary shares (Direct)
    286,750 Ordinary Shares (Indirect – Superfund)
    3,430,000 Ordinary shares (Indirect – Ms Boland)
    2,500,000 Unlisted options exercisable at 5 cents each expiring on 30 April 2011 (Direct)
    6,000,000 Unlisted options exercisable at 35 cents each expiring on 30 June 2011 (Direct)
    Class
    Shares
    Number acquired
    1,100,000 (Indirect – Mr Smith’s Superfund)
    Number disposed
    Nil
    Value/Consideration
    Note: If consideration is non-cash, provide details and estimated valuation
    $102,131
    Appendix 3Y
    Change of Director’s Interest Notice
    + See chapter 19 for defined terms.
    Appendix 3Y Page 2 11/3/2002
    No. of securities held after change
    2,750,000 Ordinary shares (Direct)
    1,386,750 Ordinary Shares (Indirect – Superfund)
    4,300,000 Ordinary shares (Indirect – Ms Boland)
    2,500,000 Unlisted options exercisable at 5 cents each expiring on 30 April 2011 (Direct)
    6,000,000 Unlisted options exercisable at 35 cents each expiring on 30 June 2011 (Direct)
    Nature of change
    Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
    On-market trade
    Part 2 – Change of director’s interests in contracts
    Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
    Detail of contract
    Nature of interest
    Name of registered holder
    (if issued securities)
    Date of change
    No. and class of securities to which interest related prior to change
    Note: Details are only required for a contract in relation to which the interest has changed
    Interest acquired
    Interest disposed
    Value/Consideration
    Note: If consideration is non-cash, provide details and an estimated valuation
    Interest after change
 
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