Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • IMX Resources' Director John Nitschke Buys On-Market 0 comments
    Dec 6, 2012 12:00 AM

    IMX Resources' (ASX: IXR, TSX: IXR, IXR.WT) director John Nitschke has increased his stake though an on-market purchase of 500,000 shares at $0.11 for a consideration of A$55,000.

    Following the purchase the Nitschke Pension Fund now holds; 870,000 shares and 50,000 listed options at A$0.60, expiring September 14, 2015.

    Nitschke has additional interests in the company through the Bwindi Family Trust, which includes; 370,000 shares and some listed and unlisted options.

    Nitschke is not the only director buying, with yesterday non-executive director Kellie Benda announced a purchase of 235,000 shares on-market.

    Benda acquired the shares for a total consideration of A$24,675, providing an average entry price of $0.105 per share.

    IMX is in the process of selling a 49% interest in the Mt Woods Copper-Gold JV and associated tenements to OZ Minerals (ASX: OZL), giving it cash to continue exploration and evaluation work on the wholly owned Nachingwea property in Tanzania, which hosts the Ntaka Hill Nickel Sulphide Project.

    The company has recently delivered a string of positive nickel sulphide results from Ntaka Hill, one of the world's best undeveloped nickel sulphide projects with the potential to produce a very clean, high quality premium nickel concentrate.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.