PLS 3.28% $2.83 pilbara minerals limited

Mineral Resources sells $328m Pilbara Minerals stake via JPMorgan, page-3

  1. 1,999 Posts.
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    I have never been comfortable with MIN's holding since the early days, so perhaps an irrational sigh of relief from me.
    I would feel odd if one of my competitors had shares in my company.
    I have no idea what the impact will be and really odd selling on a Sunday?

    I wonder that PLS wasn't involved in helping MIN sell off their 5.4% and it had to go via JPM. No doubt they will get a premium.
    Could mean someone is building a war chest for some acquisitive action in the sector?

    bigfish.JPG

    Without knowing the ramifications I am pleased they are gone.
 
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