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Mariana Resources Doubles But Boss Sells

Mariana Resources MARL Chief operating officer, Philip Roth has sold a great chunk (2,800,000 ) of his holding in the company he runs but still leaving him with 4,781,906 shares. The sale was completed on Friday at 3.5p per share. At 2.30pm the shares made a sudden leap upwards to 3.8p and closed the day at 3.75. Strange that for 8 months the share price languished at well under 2p  but suddenly took off from 1.74p on the 21st April before hitting 3.97p on the 24th May. Having doubled his money in 6 weeks, one can only wonder why Mr. Roth chose to dispose of nearly a third of his holding at this particular time..

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