this director is a non-exec, meaning it was a relatively large...

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13/08/14

10:15

Post #: 13809363
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Originally posted by littleshark ↑

Hi,

Acquisition of company shares by director is a good sign. Only those who have insight & confidence on their project will top up their shares.

Littleshark

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this director is a non-exec, meaning it was a relatively large buy, as he is only paid $40K pa

also, he is an alumina expert, it seems:

Peter Bailey
Independent Director
Appointed 8 June 2012

Mr Bailey is a highly experienced and qualified engineer with over 40 years experience in the mining and industrial mineral production industry and has an electrical engineering degree for the University of London. Mr Bailey spent the majority of his career in the iron ore mining, bauxite mining, zinc-lead-copper mining, alumina refining and alumina chemicals industries respectively.

In 2007 Mr Bailey retired from his position of Chief Executive Officer of Sherwin Alumina, an alumina refinery based in Texas, USA, of which he was a major co-owner.

Prior to Sherwin, in 1998 Mr Bailey was appointed as President of Alcoa Worldwide Chemicals’ industrial chemicals department. He was responsible for Alcoa’s worldwide chemicals business, comprising 13 plants across eight countries, with an annual revenue of approximately $700 million.

Previously, Mr Bailey was President of Alcoa Bauxite and Alumina in 1996, and was responsible for Alcoa’s eight alumina plants outside of Australia.

Mr Bailey has returned to WA to his Margaret River winery business and will continue to maintain his businesses in the USA, UK and Australia. He has also provided consultancy work to China Minmetals.

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AKA Price at posting: 8.7¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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this director is a non-exec, meaning it was a relatively large...

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