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K2fly chief executive officer acquires shares on-market

K2fly enjoyed a productive six months in the second half of 2019, with revenue increasing 45% from the previous period to $2.65 million.

K2fly Ltd - K2fly chief executive officer acquires shares on-market
New agreements were made over the period with Newcrest Mining, Glencore PLC and Rio Tinto

K2fly Ltd (ASX:K2F) director and chief executive officer Brian Miller has shown his confidence in the company’s resources and reserves software solution with on-market share purchases.

Between March 2 and 6, Miller’s spouse Dr Roslyn Carbon acquired 24,600 shares, taking Miller’s total direct and indirect holding to about 2.22 million K2fly shares.

New contract wins

The company’s RCubed Resources and Reserves Software solution focuses on mineral resource and reserves reporting across JORC, SAMREC and NI 43-101.

Existing major clients include Teck Resources Ltd (TSE:TECK) and Anglo Gold Ashanti Ltd (ASX:AGG).

K2fly enjoyed a productive six months in the second half of 2019, with revenue increasing 45% from the previous period to $2.653 million.

New agreements were made over the period with Imerys SA (EPA:NK), Newcrest Mining Limited (ASX:NCM), Glencore PLC (LON:GLEN) Canada Corporation, Nexa Resources SA (NYSE:NEXA) and Rio Tinto Limited (ASX:RIO).

Quick facts: K2fly Ltd

Price: 0.21 AUD

ASX:K2F
Market: ASX
Market Cap: $19.07 m
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