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Sierra Rutile Chairman increases stake to above 2m shares

Mon, 23rd Sep 2013 15:54

Sierra Rutile's Non-Executive Chairman, Jan Castro, has swelled his stake in the mineral sands group to more than two million shares after a purchase made at the end of last week. Castro bought 627,500 shares at 50p a time, costing him a total of £313,750. A more modest purchase was made the same day by Non-Executive Director Mike Brown, who spent £17,500 on 35,000 shares. At the half year point the group reported a 22% increase in rutile production at 51,985 tonnes, however sales in the first six months of the year fell 33% to $66.4m, primarily as a result of lower market pricing. Profit before tax for the period totalled $3.8m, compared to $56.7m in the same period the prior year. Castro and Brown now hold 2.3m and 285,000 shares, respectively. Top Director BuysSierra Rutile Ltd (SRX) Director name: Mr Jan Alex CastroAmount purchased: 627,500 @ 50.00p Value: £313,750Sierra Rutile Ltd (SRX) Director name: Mr Michael BrownAmount purchased: 35,000 @ 50.00p Value: £17,500Plant Health Care (PHC) Director name: Mr James Ede-GolightlyAmount purchased: 21,000 @ 69.00p Value: £14,490Foresight 3 VCT (FTD) Director name: Mr Peter DicksAmount purchased: 24,691 @ 55.50p Value: £13,704Top Director SellsAllocate Software (ALL) Director name: Mr Chris GaleAmount sold: 447,571 @ 101.00p Value: £452,047Allocate Software (ALL) Director name: Mr Terry OsborneAmount sold: 100,000 @ 101.00p Value: £101,000red24 (REDT) Director name: Mr Simon RichardsAmount sold: 240,000 @ 15.75p Value: £37,800
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Sierra Rutile production well ahead in third quarter

(ShareCast News) - Sierra Rutile posted an operational update for the third quarter of 2016 on Friday, with strong quarterly production at 43,081 tonnes of rutile. The AIM-traded firm said that was a 24% increase in rutile production from Q2 2016, and a 27% increase from Q3 2015. Gangama Dry Mine w

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15 Sep 2016 10:34

Sierra Rutile and Iluka continue merger talks beyond deadline

(ShareCast News) - Sierra Rutile updated the market on its merger transaction with Iluka Investments on Thursday, after a significant deadline elapsed in their agreement. "As noted in the parties' respective announcements of 6 September, the Merger Implementation Agreement dated 31 July provided for

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14 Sep 2016 08:29

Sierra Rutile In Discussions With Iluka Over German Competition Probe

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Sierra Rutile's proposed merger with Iluka hits snag in Germany

(ShareCast News) - Shares in Mineral sands producer Sierra Rutile fell nearly 17% on Tuesday morning as it was announced that its proposed $375m merger with Australian zinc miner Iluka Resources is to be delayed by a German regulator calling for a longer review of the deal. Reportedly the German ant

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25 Aug 2016 15:06

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1 Aug 2016 10:41

Sierra Rutile recommends Iluka Resources takeover

(ShareCast News) - AIM-listed Sierra Rutile (SRL) said on Monday that its board of directors and major shareholder have accepted a takeover bid from Australian mineral sands miner Iluka Resources that values the group at £215m. Under the terms of the acquisition, Sierra Rutile shareholders will rece

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15 Jul 2016 11:38

Sierra Rutile production up in second quarter

(ShareCast News) - Sierra Rutile posted an operational update for its second quarter on Friday, reporting a strong quarterly production of 34,629 tonnes of rutile - a 29% increase from the first quarter, and a 16% increase from the second quarter of last year. The AIM-traded firm had a record first

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Sierra Rutile To Deliver Top End Of 2015 Production Guidance Range

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Sierra Rutile Aims At Expansion As Gangama Dry Mine Goes Operational

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Sierra Rutile Completes Gangama Construction, Restarts Titanium Sales

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15 Apr 2016 13:23

Sierra Rutile Raises Further USD1.0 Million In Share Option (ALLISS)

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14 Apr 2016 15:41

Sierra Rutile raises £14m in share placing

(ShareCast News) - Sierra Rutile had an extra £14m to play with on Thursday, completing a share placing with both new and existing institutional investors. The AIM-traded firm said the placing was oversubscribed, with the net proceeds being used to provide additional working capital and financial fl

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14 Apr 2016 07:57

Sierra Rutile Raises USD20 Million To Back Production Expansion Plans (ALLISS)

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