32 million share anyone

32 million shares anyone, this will be interesting.
See what happens at 2.00pm today.

The New South Wales Supreme Court today refused a continuation of an injunction to Opes Prime client Melewar Steel Ventures, which would have stopped ANZ Banking Group from selling shares in junior miner Gindalbie Metals.

New South Wales Supreme Court Justice William Windeyer ordered that the injunction be refused.

It will expire at 1400 AEST today.

Melewar had been granted a one-week injunction, which was extended last Friday until today.

A parcel of 32 million shares, representing about 6.2 per cent of Perth-based iron ore producer Gindalbie's issued capital, was at the centre of dispute with substantial shareholder Melewar.

ANZ and the receiver have been restricted under the injunction from selling the 32 million shares.

Opes Prime collapsed two weeks ago and was placed into receivership and administration after cash and stock movement irregularities were uncovered in a small number of accounts.

The secured creditors of Opes subsequently began selling the shares that Opes clients had placed with the failed stockbroker, in a bid to recoup more than $1 billion in loans to Opes.

The move has sparked various legal actions by Opes Prime clients who claim that the shares still belong to them and want them returned.