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
  • Liberty Resources MD Andrew Haythorpe Increases Substantial Shareholding 0 comments
    Nov 26, 2013 12:51 AM

    Liberty Resources' (ASX: LBY) managing director Andrew Haythorpe and his associates have increased their substantial shareholding in the company to 13.07% from 12.74%.

    This follows Tesha Pty Ltd, in which Haythorpe is a director and has a beneficial interest, acquiring 1,480,204 shares for $0.045 each, or a total consideration of $66,609.18.

    He now holds or is associated with 37,092,537 shares in the company.

    The company had recently revealed that a high quality coking coal fraction with a crucible swell number greater than 9 can be produced from its EPC1949 coal tenement in the Bowen Basin, Queensland.

    This follows an initial drill program completed and confirmed coking coal on EPC 1949. Two parallel cored holes were sampled.

    The report ranked the coal's vitrinite reflectance at 1.35, well within the range for hard coking coals.

    Sulphur content and fluidity were also found to be within acceptable limits. They were also found to have low phosphorus content. The relative ash placement level selected of 10.5% was also found to be at the higher end of internationally traded coal in Queensland.

    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


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.