Rumble Resources (ASX: RTR)
Matthew Banks, a non-executive director of Rumble Resources, bought north of $155,000 worth of the company’s stock in an on-market transaction.
.
.
Rumble Resources | ASX : RTR |
Stage | Exploration |
Metals | Zinc, lead, silver,copper |
Market cap | A$119 m @ 19c |
Location | Wiluna, Western Australia |
Rumble Resources Significant Director Purchase
Matthew Banks, a non-executive director of Rumble Resources, purchased 823,661 shares at a price of 19 cents, costing more than A$155,000.
This is a significant value transaction, and a bold statement in Mathew’s confidence in the company and its strategy.
Directors don’t always get buys in their own stocks right of course, but this does look like one that may prove savvy in the fullness of time.
Last year another NED, Michael Smith, bought 500,000 units at a cost of 30 cents each, highlighting the point made above, but also the fact that he too is confident in the eventual outcome of the project.
Rumble Resources’ main project is the Earaheedy zinc-lead sulphide deposit in Western Australia, of which it owns 75%.
.
To read the full news release, please click HERE
=======
.
If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
.
Disclosure
At the time of writing the author holds shares in Rumble Resources
.
.