Sign up Australia
Proactive Investors - Run By Investors For Investors

Fe Limited receives a vote of confidence as chairman buys on-market

Chairman of the board, Tony Sage, has increased his holding in the company to over 3 million shares.
Fe Limited receives a vote of confidence as chairman buys on-market
Shares in the company are currently trading at $0.026

Fe Limited (ASX:FEL) has had its chairman, renown resources industry veteran, Tony Sage, purchase shares in the company on market.

Sage purchased 1 million shares in total across a number of on-market trades that saw him boost his holdings in the company to over 3 million shares.

The 1 million shares were purchased for $27,000 resulting in an average purchase price of $0.027 per share.

During July, the company executed a binding term sheet with Cape Lambert Resources (ASX:CFE)  to acquire 100% of Cape Lambert’s rights and obligations to the Kasombo Copper-Cobalt Project located in the Democratic Republic of Congo.

The Kasombo Project is located amongst some of the world’s largest and highest grade copper and cobalt mines.

Fe Limited also has a number of free-carried interests in projects located within the Bryah Basin region of Western Australia.





Register here to be notified of future FEL Company articles
View full FEL profile View Profile

Fe Limited Timeline

Related Articles

Mustang Resources' Christiaan Jordaan with investors at Proactive's CEO Sessions
October 06 2017
Christiaan Jordaan discussed rubies with investors at Proactive's CEO Session in Melbourne.
Danakali-Paul-Donaldson-MD-presenting-Melb-Feb-2017.jpg
February 24 2017
Paul Donaldson discussed with investors the Tier 1 Colluli Potash Project.
PureCircle---Field-of-crops.png
July 12 2017
Harvest Minerals is now completing tests on KPfértil and should secure full certification by the end of the year

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use