Last checked at 
LONDON (Alliance News) - Strategic Minerals PLC said Wednesday that it has promoted Peter Wale from a non-executive to an executive director with immediate effect.
Wale is the mining company's second largest shareholder and has been building a "significant stake" since 2013. He was a partner and senior equities trader at Habrok Capital LLP and is currently a non-executive director at Mustang Energy PLC.
""We are now at a point where I believe the company's valuation versus its prospects are perhaps at their most divergent and I look forward to assisting in closing that gap in the near term as we continue to progress our strong portfolio of assets," said Wale.
Shares in Strategic Minerals were flat at 1.22 pence on Wednesday.
