Polo Resources co-chairman Stephen Dattels has been upping his holding in the mining investment company.

Regent Mercantile Holdings, a company wholly owned by the trustee of a trust under which Dattels is a beneficiary bought 6,364,828 shares at 5.82p a share, spending about £370,000.

Dattels now has about 220m shares in the company, or about 9.4%. His purchase was announced the day after Polo said non-executive director Ian Stalker took 1.77m shares at 5.56p a time, lifting his stake to 5.07m shares.

The shares have appreciated since Dattels's last purchase. He took 12m at 5.25p a time in March, having paid 5p a time for 15m in November.

The share price was lifted by an announcement last week of a buyback of 25m shares at 5.64p a time.

Polo has investments in coal, iron ore and gold assets around the world. Dattels, a former executive at Canada-based mining giant Barrick Gold, was founder and chairman of Australian coal miner Caledon resources, one of Polo's investments. Stalker is a chemical engineer and a director at Spain-focused miner Berkeley Resources.

Top Director Buys

Polo Resources Ltd. (DI) (POL)
Director name: Mr Stephen R Dattels
Amount purchased: 6,364,828 @ 5.82p
Value: £370,433

UK Coal (UKC)
Director name: Mr Keith Heller
Amount purchased: 110,383 @ 39.98p
Value: £44,131

UK Coal (UKC)
Director name: Mr Keith Heller
Amount purchased: 92,289 @ 40.00p
Value: £36,916

Communisis (CMS)
Director name: Mr Alistair Blaxill
Amount purchased: 50,000 @ 31.35p
Value: £15,675

Aberdeen New Dawn Inv Trust (ABD)
Director name: Mr David James Buchanan Shearer
Amount purchased: 1,500 @ 885.34p
Value: £13,280


Top Director Sells

ITV (ITV)
Director name: Mr Adam Crozier
Amount sold: 101,510 @ 74.66p
Value: £75,787

Kingfisher (KGF)
Director name: Mr Ian Cheshire
Amount sold: 11,754 @ 274.58p
Value: £32,274

Related share prices
Kingfisher (KGF) share price
Aberdeen New Dawn Inv Trust (ABD) share price
Communisis (CMS) share price
UK Coal (UKC) share price
ITV (ITV) share price
Polo Resources Ltd. (DI) (POL) share price