Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Director dealings: Metals Ex director sees upside after loan terms agreed

Tue, 10th Jan 2017 16:22

(ShareCast News) - Metals Exploration director Jeremy Ayre shelled out £0.25m on shares in the Philippines-focused outfit as they trade at half the level they reached last summer, perhaps setting a floor for the stock after new debt terms were agreed last month.Ayre, a corporate finance specialist and former Rio Tinto man, bought 5m shares at a price of 5p apiece to up his stake to 7m shares.Last July the AIM-listed company topped 10p as it resumed milling operations and feeding mine ore into the processing plant at its Runruno gold project, which is located 200 miles north of Manila in the province of Nueva Viscaya.However, due to the combined impacts of the suspension of milling activities delaying expected revenue and long-lasting restructuring discussions, the share price has dwindled.Metals Ex raised $5m at 5p in July, then another $6.4m at 5p in September and $10.295m at the same price in November.Later that month the company completed its first gold sale, with mining operations ramping up and agreed a waiver from its lenders over a $15m payment due, before on 19 December agreeing to amended the commercial terms of its $81m loan, including a quarterly capital repayment profile extended to 31 December 2019.Top Director BuysMetals Exploration (MTL)Director name: Ayre ,Jeremy Amount purchased: 5,000,000 @ 5.00pValue: £250,000.00Legal & General Group (LGEN)Director name: Kingman,JohnAmount purchased: 89,233 @ 208.10pValue: £185,693.88Bluefield Solar Income Fund Limited (BSIF)Director name: Scott,JohnAmount purchased: 91,330 @ 108.13pValue: £98,752.39Vpc Specialty Lending Investments (VSL)Director name: Levy,RichardAmount purchased: 76,862 @ 79.00pValue: £60,720.98Topps Tiles (TPT)Director name: Parker,RobertAmount purchased: 65,000 @ 86.50pValue: £56,225.00Ms International (MSI)Director name: O'Connell,MichaelAmount purchased: 30,000 @ 165.00pValue: £49,500.00B.p. Marsh & Partners (BPM)Director name: Topping ,Daniel Amount purchased: 6,272 @ 214.30pValue: £13,440.90Prudential (PRU)Director name: Nicandrou,NicolaosAmount purchased: 13 @ 1,602.00pValue: £208.26Qinetiq Group (QQ.)Director name: Wadey ,Steve Amount purchased: 75 @ 263.89pValue: £197.92Prudential (PRU)Director name: Foley,John W.Amount purchased: 12 @ 1,602.00pValue: £192.24Prudential (PRU)Director name: Wells,Mike Amount purchased: 11 @ 1,602.00pValue: £176.22Judges Scientific (JDG)Director name: Cicurel,DavidAmount purchased: 11 @ 1,394.00pValue: £153.34Judges Scientific (JDG)Director name: Ormsby,Bradley LeonardAmount purchased: 11 @ 1,394.00pValue: £153.34National Grid (NG.)Director name: Bonfield,Andrew R JAmount purchased: 16 @ 952.21pValue: £152.35National Grid (NG.)Director name: Pettigrew,JohnAmount purchased: 16 @ 952.21pValue: £152.35Diageo (DGE)Director name: Mikells,KathrynAmount purchased: 7 @ 2,175.00pValue: £152.25Barr (a.g.) (BAG)Director name: Kemp,Jonathan DavidAmount purchased: 30 @ 506.00pValue: £151.80Barr (a.g.) (BAG)Director name: Lorimer,StuartAmount purchased: 30 @ 506.00pValue: £151.80Barr (a.g.) (BAG)Director name: Memmott,Andrew LewisAmount purchased: 30 @ 506.00pValue: £151.80Cmc Markets (CMCX)Director name: Foley,Grant Amount purchased: 129 @ 117.00pValue: £150.93Taylor Wimpey (TW.)Director name: Redfern,PeterAmount purchased: 89 @ 168.50pValue: £149.96Cmc Markets (CMCX)Director name: Fineberg,DavidAmount purchased: 128 @ 117.00pValue: £149.76Gocompare.com Group (GOCO)Director name: Wrighton,NickAmount purchased: 218 @ 68.67pValue: £149.70Rolls-royce Holdings (RR.)Director name: Smith,DavidAmount purchased: 23 @ 649.50pValue: £149.38Daily Mail And General Trust A (non.v) (DMGT)Director name: Zwillenberg,PaulAmount purchased: 19 @ 781.50pValue: £148.49Barr (a.g.) (BAG)Director name: White,Roger AlexanderAmount purchased: 29 @ 506.00pValue: £146.74Rolls-royce Holdings (RR.)Director name: Smith,Colin PAmount purchased: 20 @ 649.50pValue: £129.90Daily Mail And General Trust A (non.v) (DMGT)Director name: Daintith,StephenAmount purchased: 16 @ 781.50pValue: £125.04Daily Mail And General Trust A (non.v) (DMGT)Director name: Beatty,KevinAmount purchased: 16 @ 781.50pValue: £125.04National Grid (NG.)Director name: Westcott,Mike Amount purchased: 13 @ 952.21pValue: £123.79Ssp Group (SSPG)Director name: Davies,JonathanAmount purchased: 32 @ 386.50pValue: £123.68Ssp Group (SSPG)Director name: Swann,KateAmount purchased: 32 @ 386.50pValue: £123.68Phoenix Group Holdings (di) (PHNX)Director name: Moss,AndrewAmount purchased: 16 @ 752.50pValue: £120.40

Related Shares

More News
29 Apr 2024 13:55

IN BRIEF: Metals Exploration quarterly gold revenue grows

Metals Exploration PLC - Philippines-focused gold producer - Says in the first quarter of 2024, gold revenue grows 28% to USD44.4 million from USD34.7...

27 Mar 2024 16:13

EARNINGS AND TRADING: Solid State ups outlook; Quartix trading in line

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately repor...

18 Mar 2024 16:31

Metals Exploration names Nick von Schirnding as new chair

(Alliance News) - Metals Exploration PLC announced on Monday the appointment of Nick von Schirnding as chair.

18 Mar 2024 12:07

Metals Exploration taps Nick von Schirnding for chairman

(Sharecast News) - Gold producer Metals Exploration said on Monday that it has appointed Nick von Schirnding as chairman, with immediate effect.

24 Jan 2024 14:31

Metals Exploration shares down despite promising 2023 production rates

(Alliance News) - Metals Exploration PLC on Wednesday said that 2023 production and revenue had reached record levels, exceeding the company's previou...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.