Medusa bosses buy on weakness

published 23 June 2011

Directors at Philippines-focused gold producer Medusa Mining have upped their stakes amid a weak spell for the company's shares.Managing director Peter Hepburn-Brown took 15,00 shares at A$6.85 (449p) a time, paying a total of just over £67,000. He previously had no shares in the company. Non-executive director Andrew Boon San Teo took 5,000 shares at A$6.75 a pop, lifting his stake to 60,000 shares.The shares fell yesterday when Medusa said it expects to produce 100,000 to 110,000 ounces of gold in the year starting on 1 July.Top Director BuysF&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 165,930 @ 72.63p Value: £120,515Medusa Mining Ltd. (DI) (MML) Director name: Mr Peter Gordon Hepburn-BrownAmount purchased: 15,000 @ 449.36p Value: £67,404Renold (RNO) Director name: Mr Robert DaviesAmount purchased: 202,127 @ 36.20p Value: £73,170Hochschild Mining (HOC) Director name: Mr Ignacio BustamanteAmount purchased: 14,054 @ 441.50p Value: £62,048Medusa Mining Ltd. (DI) (MML) Director name: Mr Andrew Boon San Teo Amount purchased: 5,000 @ 442.80p Value: £22,140BAE Systems (BA.) Director name: Mr Carl G SymonAmount purchased: 10,000 @ 309.60p Value: £30,960StatPro Group (SOG) Director name: Mr Justin WheatleyAmount purchased: 25,000 @ 95.00p Value: £23,750Avanti Communications Group (AVN) Director name: Mr David J WilliamsAmount purchased: 6,458 @ 341.00p Value: £22,022Renold (RNO) Director name: Mr Brian TennerAmount purchased: 40,831 @ 36.20p Value: £14,781Synergy Health (SYR) Director name: Mr Gavin HillAmount purchased: 1,600 @ 903.00p Value: £14,448Top Director SellsRuukki Group (DI) (RKKI) Director name: Mr Markku KankaalaAmount sold: 500,000 @ 123.71p Value: £618,550Electrocomponents (ECM) Director name: Mr Ian MasonAmount sold: 57,344 @ 265.93p Value: £152,495Electrocomponents (ECM) Director name: Mr Simon BoddieAmount sold: 28,701 @ 265.93p Value: £76,325TT Electronics (TTG) Director name: Mr Tim Roberts Amount sold: 20,277 @ 202.00p Value: £40,960Brewin Dolphin Holdings (BRW) Director name: Ms Sarah SoarAmount sold: 9,000 @ 143.80p Value: £12,942