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Cobalt Blue chairman buys stock valued at more than $30,000 on-market

Robert Biancardi’s purchases follow recent on-market acquisitions by CEO Joe Kaderavek and director Hugh Keller.
Cobalt element logo along with cobalt uses logos
Cobalt Blue is the ASX’s only pure-play cobalt focused company

Cobalt Blue Holdings Ltd’s (ASX:COB) chairman Robert Biancardi has shown his faith in the company’s integrated cobalt strategy through on-market share purchases.

The chairman recently purchased 130,000 shares in on-market trades with a total value of almost $30,000.

READ: Cobalt Blue CEO steps up and buys stock on-market

His purchases follow recent on-market acquisitions of shares by CEO Joe Kaderavek and options by independent director Hugh Keller.

Biancardi’s holding of un-escrowed shares now totals 405,000 and he also holds more than 2.952 million escrowed shares along with more than 2.306 million escrowed options, all in indirect interests.

Kaderavek recently purchased more than $20,000 worth of shares through on-market trades, taking his total holding to in excess of 2.7 million shares.

READ: Cobalt Blue’s Hugh Keller buys options on-market

Keller topped up his holding in the pure-play cobalt-focused company by acquiring more than 88,000 options with a 25-cent exercise price expiring May 2, 2020.

His total holding in the company stands at 755,000 shares and 1.683 million options.

READ: Cobalt Blue to present cobalt strategy at Renewable Metals Connect in London

Last week, Kaderavek presented and hosted one-on-one meetings with potential investors and financiers at the Renewable Metals Connect conference in London.

This event brought energy metal companies and institutional investors together to discuss, network and create business relationships.

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