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Masoud Alikhani, chairman of the Zambia-focused zinc and lead processor Berkeley Mineral Resources, has substantially lifted his stake in the firm, spending £20,000.
Alikhani, a former chairman of Cape Diamonds, which mines for the gemstones in South Africa, bought 2m shares at a penny a time and now has just less than 5.4m.
Shares in the company soared after it made the announcement of the purchase.
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They had already posted strong gains last week when the firm said it was close to securing the right to process waste from a dump at the Kabwe zinc and lead mine in Zambia.
Top Director Buys
Value: £431,558
Value: $332,986
Value: £24,860
Value: £20,950
Value: £20,000
Value: £15,050
Top Director Sells
Value: £432,863
Value: £128,925
Value: £95,731
Value: £12,375
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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