LONDON (ShareCast) - Director Reg Eccles has taken advantage of the recent sharp rise in Toledo Mining Corp’s share price, bagging almost £227,000 from the sale of 75,000 shares in the group.
The company has more than doubled in value since early March, prompting Eccles to slash his stake to 25,000 shares following the sale at 302.33p each.
Last month, AIM-listed Toledo reported progress from both the Berong and Ipilan nickel projects, sending its shares to a new all time high.
Berong Nickel, in which the group owns a 56.1% economic interest, has shipped about 121,391 tonnes of laterite nickel ore to China during the quarter ended 31 March.
Production is on track to reach the export target of approximately 900,000 wet metric tons for 2007.
At the Ipilan nickel project, field exploration and evaluation activities continued with “excellent progress”, said Toledo.
Top Director Buys
Value and Income (VIN)
Director name: Mr Matthew A Oakeshott
Amount purchased: 174,738 @ 239.00p
Value: £417,624
Real Estate Investors (RLE)
Director name: Mr Paul Bassi
Amount purchased: 3,000,000 @ 12.00p
Value: £360,000
Pinewood-Shepperton (PWS)
Director name: Mr Patrick Garner
Amount purchased: 31,750 @ 274.00p
Value: £86,995
Mallett (MAE)
Director name: Mr George M Magan
Amount purchased: 25,000 @ 236.00p
Value: £59,000
Mallett (MAE)
Director name: Mr George M Magan
Amount purchased: 25,000 @ 234.00p
Value: £58,500
ING Global Real Estate Secs (IGRE)
Director name: Mr Richard Sutton
Amount purchased: 40,000 @ 117.75p
Value: £47,100
Raven Mount (RAV)
Director name: Mr Mark Kirkland
Amount purchased: 16,000 @ 156.00p
Value: £24,960
Celtic (CCP)
Director name: Mr Brian Quinn
Amount purchased: 33,745 @ 58.75p
Value: £19,825
Merrill Lynch Latin American Inv. Trust (MLLA)
Director name: Mr Mailson F da Nobrega
Amount purchased: 3,413 @ 432.00p
Value: £14,744
Barclays (BARC)
Director name: Mr Chris Lucas
Amount purchased: 2,000 @ 719.14p
Value: £14,383
Top Director Sells
Elementis (ELM)
Director name: Mr David Dutro
Amount sold: 366,872 @ 88.25p
Value: £323,765
Rolls-Royce (RR.)
Director name: Mr Axel Arendt
Amount sold: 62,566 @ 502.50p
Value: £314,394
Toledo Mining Corporation (TMC)
Director name: Mr Reginald George Eccles
Amount sold: 75,000 @ 302.33p
Value: £226,748
Rolls-Royce (RR.)
Director name: Mr Edward Thomas Curley
Amount sold: 15,105 @ 498.60p
Value: £75,314
Mercury Recycling (MRG)
Director name: Mr Simon Lebor
Amount sold: 150,000 @ 25.00p
Value: £37,500
Rolls-Royce (RR.)
Director name: Mr Edward Thomas Curley
Amount sold: 5,000 @ 495.30p
Value: £24,765
