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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
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
-
Will the Bitcoin price hit $100,000?With Bitcoin prices trading just below $100,000, we explore whether the cryptocurrency can hit the milestone.
-
Inheritance tax receipts jump 11% even before Autumn Budget overhaulOfficial figures show inheritance tax receipts are rising even before the chancellor’s changes to reliefs
