Trading Places: The gold stock that just won over Tolga Kumova as a substantial holderThe most notable of substantial holder buys this fortnight came from Melbourne-based resources investorTolga Kumova.
He upped his stake inFirefly Resources (ASX:FFR)to 6.55 per cent. He bought 6.6 million shares at 15 cents a pop – worth $990,000 – in the WA gold explorer’s recent capital raising. Kumova’s buy came only two months after he first bought into Firefly.
![https://hotcopper.com.au/data/attachments/2581/2581737-b0d814cbbf90806940e97fd268e0cbd2.jpg](https://hotcopper.com.au/data/attachments/2581/2581737-b0d814cbbf90806940e97fd268e0cbd2.jpg)
While there’s no shortage of gold success stories in 2020, few reported higher grades thanFirefly’s ‘bonanza’ hit of 1,439.55 grams per tonne last month.
The company said the $6m deal would help it step up exploration activities and define aJORCresource by years’ end.
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