article appearing in AFR Street Talk
Metals X, Westgold... next stop Mount Gibson Iron?
extract......
- Feb 16 2017 at 5:06 PM
- Updated Feb 16 2017 at 5:06 PM
- Sarah Thompson , Anthony Macdonald , Joyce Moullakis
Brokers have ramped up pitching for a $160 million stake in Mount Gibson Iron Ltd, seeking to sell it via a block trade to institutions.
As revealed by Street Talk on Thursday, brokers have turned their attention to Hong Kong's APAC Resources, which owns 30 per cent of Mt Gibson Iron with Canaccord said to be in pole position to secure the trade.
APAC Resources has been re-thinking its Australian exposures in recent weeks, selling down its stake in fellow ASX-listed miners Metals X and Westgold Resources on Thursday morning.
Read more: http://www.copyright link/street-talk#ixzz4YqQtPjX2
Macquarie upgrades target price to 55c, but should be more like 70+ cents, page-17
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Last
32.5¢ |
Change
0.015(4.84%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.5¢ | 31.0¢ | $1.234M | 3.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 109416 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 27921 | 2 |
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