04/05/2009 - 15:48

Independence directors net $2.3m in sale

04/05/2009 - 15:48

Bookmark

Save articles for future reference.

Two directors with nickel miner Independence Group have sold over $2.3 million worth of shares through on-market trades.

Two directors with nickel miner Independence Group have sold over $2.3 million worth of shares through on-market trades.

Managing director Chris Bonwick has pocketed $1.81 million after he sold 500,000 shares while non-executive director Rodney Marston netted $559,480 through the sale of 150,000 shares.

Shares in Independence, which operates the Long nickel mine in WA, closed up 11 cents at $4 today.

Comment was being sought from Mr Bonwick at time of publishing.

Last week Independence reported a net profit after tax of $5 million for the March quarter, a turnaround from the previous quarter's net loss of $1.2 million.

At the end of March, the company had $128.7 million in cash and net receivables.


 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options