Interesting that we are in the "tax loss selling" period up to 30 June anyway.
The company is Northern Minerals Limited NTU who have been exploring REE deposits south of Halls Ck since at least 2009.
And in 2010 (see ASX release 9Aug2010) a Chinese explorer Jiangsu Eastern China Non-Ferrous Metals InvestmentHolding Co., Ltd, an affiliate of East China Exploration & Development Bureau (“ECE”) was to acquire 108 million Northern Uranium shares at $0.145 per share, raisingapproximately A$15.7m representing a 58% premium to the 1 month VWAP1 and ECE to emerge with 51% shareholding.The ECE Investment was subject to ECE due diligence, regulatory and shareholder approvals
Does anybody know what happened to the ECE investment in NTU ?
Note NTU closed today @ 3.6cents
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