Clint Donkin Bought 393% More Shares In AIC Mines

Even if it's not a huge purchase, we think it was good to see that Clint Donkin, the MD, CEO & Director of AIC Mines Limited (ASX:A1M) recently shelled out AU$83k to buy stock, at AU$0.63 per share. While that isn't the hugest buy, it actually boosted their shareholding by 393%, which is good to see.

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AIC Mines Insider Transactions Over The Last Year

Notably, that recent purchase by Clint Donkin is the biggest insider purchase of AIC Mines shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of AU$0.63. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for AIC Mines share holders is that an insider was buying at near the current price. Clint Donkin was the only individual insider to buy shares in the last twelve months.

Clint Donkin bought 165.36k shares over the last 12 months at an average price of AU$0.64. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for AIC Mines

AIC Mines is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of AIC Mines

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that AIC Mines insiders own 5.0% of the company, worth about AU$25m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The AIC Mines Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of AIC Mines we think they are probably pretty confident of a bright future. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of AIC Mines.

But note: AIC Mines may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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