LONDON (ShareCast) - (ShareCast News) - Metals Exploration director Jeremy Ayre shelled out £0.25m on shares in the Philippines-focused outfit as they trade at half the level they reached last summer, perhaps setting a floor for the stock after new debt terms were agreed last month.
Ayre, a corporate finance specialist and former Rio Tinto man, bought 5m shares at a price of 5p apiece to up his stake to 7m shares.

Last July the AIM-listed company topped 10p as it resumed milling operations and feeding mine ore into the processing plant at its Runruno gold project, which is located 200 miles north of Manila in the province of Nueva Viscaya.

However, due to the combined impacts of the suspension of milling activities delaying expected revenue and long-lasting restructuring discussions, the share price has dwindled.

Metals Ex raised $5m at 5p in July, then another $6.4m at 5p in September and $10.295m at the same price in November.

Later that month the company completed its first gold sale, with mining operations ramping up and agreed a waiver from its lenders over a $15m payment due, before on 19 December agreeing to amended the commercial terms of its $81m loan, including a quarterly capital repayment profile extended to 31 December 2019.

Top Director Buys

Metals Exploration (MTL)
Director name: Ayre ,Jeremy
Amount purchased: 5,000,000 @ 5.00p
Value: £250,000.00

Legal & General Group (LGEN)
Director name: Kingman,John
Amount purchased: 89,233 @ 208.10p
Value: £185,693.88

Bluefield Solar Income Fund Limited (BSIF)
Director name: Scott,John
Amount purchased: 91,330 @ 108.13p
Value: £98,752.39

Vpc Specialty Lending Investments (VSL)
Director name: Levy,Richard
Amount purchased: 76,862 @ 79.00p
Value: £60,720.98

Topps Tiles (TPT)
Director name: Parker,Robert
Amount purchased: 65,000 @ 86.50p
Value: £56,225.00

Ms International (MSI)
Director name: O'Connell,Michael
Amount purchased: 30,000 @ 165.00p
Value: £49,500.00

B.p. Marsh & Partners (BPM)
Director name: Topping ,Daniel
Amount purchased: 6,272 @ 214.30p
Value: £13,440.90

Prudential (PRU)
Director name: Nicandrou,Nicolaos
Amount purchased: 13 @ 1,602.00p
Value: £208.26

Qinetiq Group (QQ.)
Director name: Wadey ,Steve
Amount purchased: 75 @ 263.89p
Value: £197.92

Prudential (PRU)
Director name: Foley,John W.
Amount purchased: 12 @ 1,602.00p
Value: £192.24

Prudential (PRU)
Director name: Wells,Mike
Amount purchased: 11 @ 1,602.00p
Value: £176.22

Judges Scientific (JDG)
Director name: Cicurel,David
Amount purchased: 11 @ 1,394.00p
Value: £153.34

Judges Scientific (JDG)
Director name: Ormsby,Bradley Leonard
Amount purchased: 11 @ 1,394.00p
Value: £153.34

National Grid (NG.)
Director name: Bonfield,Andrew R J
Amount purchased: 16 @ 952.21p
Value: £152.35

National Grid (NG.)
Director name: Pettigrew,John
Amount purchased: 16 @ 952.21p
Value: £152.35

Diageo (DGE)
Director name: Mikells,Kathryn
Amount purchased: 7 @ 2,175.00p
Value: £152.25

Barr (a.g.) (BAG)
Director name: Kemp,Jonathan David
Amount purchased: 30 @ 506.00p
Value: £151.80

Barr (a.g.) (BAG)
Director name: Lorimer,Stuart
Amount purchased: 30 @ 506.00p
Value: £151.80

Barr (a.g.) (BAG)
Director name: Memmott,Andrew Lewis
Amount purchased: 30 @ 506.00p
Value: £151.80

Cmc Markets (CMCX)
Director name: Foley,Grant
Amount purchased: 129 @ 117.00p
Value: £150.93

Taylor Wimpey (TW.)
Director name: Redfern,Peter
Amount purchased: 89 @ 168.50p
Value: £149.96

Cmc Markets (CMCX)
Director name: Fineberg,David
Amount purchased: 128 @ 117.00p
Value: £149.76

Gocompare.com Group (GOCO)
Director name: Wrighton,Nick
Amount purchased: 218 @ 68.67p
Value: £149.70

Rolls-royce Holdings (RR.)
Director name: Smith,David
Amount purchased: 23 @ 649.50p
Value: £149.38

Daily Mail And General Trust A (non.v) (DMGT)
Director name: Zwillenberg,Paul
Amount purchased: 19 @ 781.50p
Value: £148.49

Barr (a.g.) (BAG)
Director name: White,Roger Alexander
Amount purchased: 29 @ 506.00p
Value: £146.74

Rolls-royce Holdings (RR.)
Director name: Smith,Colin P
Amount purchased: 20 @ 649.50p
Value: £129.90

Daily Mail And General Trust A (non.v) (DMGT)
Director name: Daintith,Stephen
Amount purchased: 16 @ 781.50p
Value: £125.04

Daily Mail And General Trust A (non.v) (DMGT)
Director name: Beatty,Kevin
Amount purchased: 16 @ 781.50p
Value: £125.04

National Grid (NG.)
Director name: Westcott,Mike
Amount purchased: 13 @ 952.21p
Value: £123.79

Ssp Group (SSPG)
Director name: Davies,Jonathan
Amount purchased: 32 @ 386.50p
Value: £123.68

Ssp Group (SSPG)
Director name: Swann,Kate
Amount purchased: 32 @ 386.50p
Value: £123.68

Phoenix Group Holdings (di) (PHNX)
Director name: Moss,Andrew
Amount purchased: 16 @ 752.50p
Value: £120.40

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