APAC Resources Lts, already a large holder of Gindalbie (ASX:GBG), have increased their holdings by around 10 million shares, from about 150 million to 160 million units.
APAC are based in Hong Kong, China, and are primarily involved in the trading of base metals and trading of fabric products and other merchandises. Other activities include investment holding and the provision of management services. Operations are carried out in Hong Kong, Africa and British Virgin Islands.
The increase comes as Gindalbie, among other 'mid west' region miners potential miners, await with earnest the outcome of takeover protagonist Murchison Metals bidding for Mid West Corporation. The result of which could affect how soon the new Oakajee Port will take to be built, affecting all the hopeful miners in the region.
ARH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
