Ann: Change of Director's Interest Notice, page-4

I can't help but remember from the 7 Nov announcement:
"Talks with three groups is in progress for the financing of the Nachu Graphite Project... with all parties going through due diligence on the project."

And now our play making Tanzanian director buys $300k worth of shares!!
I would take this as a very strong sign that due diligence is revealing Nachu to be the absolute cash cow that it is:
- high margin product
- 10 year tax free period
- no government free carry
- revenue depositable in overseas bank accounts
- international arbitration dispute resolution mechanisms (1)

Other Tanzanian miners are still trying to clarify aspects of the mining legislation, while Magnis' IP, hard work and subsequent SEZ puts them in an enviable position... imminent JV investment into Nachu is a given imo

1. AXS Announcement 9 Mar 218