Coal mine developer GCM Resources' non-executive chairman Gerard Holden has bought nearly £45,000 worth of shares in the company.
He took 50,000 at 89p a time. The shares closed at 92p going into the weekend.
GCM is hoping to develop the Phulbari Coal project in Bangladesh, pending approval from the South Asian country's government.
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
Directors at the firm are to be given shares if certain milestones are achieved, including approval for the project. Holden is to receive 100,000.
Top Director Buys
Value: $129,250
Value: £61,702
Value: £61,702
Value: £61,702
Value: £61,702
Value: £46,276
Value: £44,500
Value: £22,275
Value: £14,400
Top Director Sells
Value: £2,547,262
Value: £291,000
Value: £252,362
Value: £126,405
Value: £123,665
Value: £123,000
Value: £47,250
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
