Norseman non-exec buys on weakness
A round-up of the biggest director deals today so far.
Gary Steinepreis, a non-executive director at Norseman Gold, has splashed out £165,000 building up his stake in the miner.
He bought 1m shares at 16.5p a time through his company Ascent Capital and now has 5.03m shares, which is about 2.3% of the company.
Shares in Norseman have slumped since the middle of April when the company, which runs Australia's longest continuously running gold mining operation, said slow progress at some of its operations means it will make an operating loss this year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Steinepreis also serves on the boards of Avalon minerals, which mines for copper in Sweden, and Australian tin miner Monto Minerals.
Ascent Capital is involved in the reconstruction and recapitalisation of existing stock exchange quoted companies, the establishment of new business and the listing of new companies on stock exchanges such as the Australian Stock Exchange and AIM.
Top Director Buys
Norseman Gold (NGL) Director name: Mr Gary C SteinepreisAmount purchased: 1,000,000 @ 16.50p Value: £165,000
Polo Resources Ltd. (DI) (POL) Director name: Mr Neil Lindsey HerbertAmount purchased: 2,000,000 @ 5.75p Value: £115,000
Senior (SNR) Director name: Mr Mark E. VernonAmount purchased: 10,000 @ 149.96p Value: £14,996
Top Director SellsMandarin Oriental International (Singapore) (MDO) Director name: Mr Edouard EttedguiAmount sold: 1,000,000 @ $2.15 Value: $2,150,000
Premier Farnell (PFL) Director name: Mr Laurence BainAmount sold: 540,274 @ 288.00p Value: £1,555,989
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published