Director dealings: Polymetal chairman ups stake

Polymetal revealed on Thursday that chairman Ian Cockerill had acquired 6,800 ordinary shares in the FTSE 250-listed miner.

Cockerill, a mining veteran who took over as chair of the Russia and Kazakhstan-focused group back in April, purchased the shares on Tuesday at an average price of 888.60p each, for a total value of £60,424.80.

Earlier in the session, Polymetal told investors that it had seen ore reserves at its Veduga gold deposit more than double to 2.8m ounces following an extensive exploration campaign at the site.

An updated JORC-compliant ore reserve estimate on Veduga revealed 18.9 metric tonnes of ore, with an average grade of 4.6 grams per tonne containing 2.8m ounces of gold - a 111% increase on Polymetal's previous estimates.

As of 1620 BST, Polymetal shares had inched ahead 0.36% to 887p.

Top Director Buys

Tatton Asset Management (TAM)
Director name: Hogarth,Paul
Amount purchased: 1,209,111 @ 156.00p
Value: £1,886,213.09

Smith & Nephew (SN.)
Director name: Quarta,Roberto
Amount purchased: 24,000 @ 2,143.48p
Value: £514,435.50

Tatton Asset Management (TAM)
Director name: Mentel,Lothar
Amount purchased: 100,000 @ 213.50p
Value: £213,500.00

Ergomed (ERGO)
Director name: Barfield,Richard
Amount purchased: 64,000 @ 270.00p
Value: £172,800.00

Pendragon (PDG)
Director name: Chambers,Chris
Amount purchased: 500,000 @ 18.00p
Value: £90,000.00

Polymetal International (POLY)
Director name: Cockerill,Ian
Amount purchased: 6,800 @ 888.60p
Value: £60,424.80

Just Group (JUST)
Director name: Bishop,Paul
Amount purchased: 36,754 @ 58.68p
Value: £21,567.25

Nmcn (NMCN)
Director name: Adam Taylor,Daniel
Amount purchased: 2,611 @ 600.00p
Value: £15,666.00

Just Group (JUST)
Director name: Deakin,Michael
Amount purchased: 25,000 @ 50.09p
Value: £12,523.32

Nmcn (NMCN)
Director name: Adam Taylor,Daniel
Amount purchased: 735 @ 604.00p
Value: £4,439.40

African Battery Metals (ABM)
Director name: Johnson,Paul
Amount purchased: 500,000 @ 0.45p
Value: £2,237.50

Sanne Group (SNN)
Director name: Robson,Rupert
Amount purchased: 249 @ 689.00p
Value: £1,715.61

African Battery Metals (ABM)
Director name: Johnson,Paul
Amount purchased: 250,000 @ 0.44p
Value: £1,106.25

Rotork (ROR)
Director name: Hostetler,Kevin
Amount purchased: 50 @ 299.95p
Value: £149.97

Rotork (ROR)
Director name: Davis,Jonathan
Amount purchased: 50 @ 299.95p
Value: £149.97

Top Director Sells

Tatton Asset Management (TAM)
Director name: Hogarth,Paul
Amount sold: 1,209,111 @ 213.50p
Value: £2,581,451.97

Restore (RST)
Director name: Councell ,Adam
Amount sold: 97,334 @ 400.00p
Value: £389,336.00

Biffa (BIFF)
Director name: Topham,Michael
Amount sold: 131,844 @ 223.00p
Value: £294,012.12

Restore (RST)
Director name: Councell ,Adam
Amount sold: 56,840 @ 400.00p
Value: £227,360.00

Restore (RST)
Director name: Councell ,Adam
Amount sold: 31,289 @ 400.00p
Value: £125,156.00

Altitude Group (ALT)
Director name: Varley,Martin Roy
Amount sold: 75,000 @ 108.00p
Value: £81,000.00

Restore (RST)
Director name: Councell ,Adam
Amount sold: 6,037 @ 402.50p
Value: £24,298.93

Nmcn (NMCN)
Director name: Adam Taylor,Daniel
Amount sold: 2,620 @ 601.00p
Value: £15,746.20

Restore (RST)
Director name: Councell ,Adam
Amount sold: 1,500 @ 401.41p
Value: £6,021.15

Nmcn (NMCN)
Director name: Adam Taylor,Daniel
Amount sold: 745 @ 600.00p
Value: £4,470.00