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Cobalt Blue CEO steps up and buys stock on-market

91,500 shares were purchased at prices between 21.5 and 22.5 cents per share.

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Yesterday the company revealed it had commenced a new drilling program

Cobalt Blue Holdings Ltd (ASX:COB) has had its CEO Joe Kaderavek purchase over $20,000 worth of shares through on-market trades.

Kaderavek purchased the shares in his super fund taking his total holding to over 2.7 million shares.

Notably, Kaderavek is a chartered financial analyst (CFA), former resources portfolio manager and Deutsche Bank lead analyst.

READ: Cobalt Blue drilling targets resource upgrade and growth at Thackaringa

Yesterday, Cobalt Blue revealed that it had commenced the largest single drilling campaign to date at its flagship Thackaringa Cobalt Project near Broken Hill.

More than 15,000 metres will be drilled over the coming six months as part of a feasibility study with the primary aims of upgrading and growing cobalt resources.

Quick facts: Cobalt Blue Holdings Ltd

Price: 0.135 AUD

ASX:COB
Market: ASX
Market Cap: $20.24 m
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