IRN indophil resources nl
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more time please

  1. padd
    399 Posts.
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    09/02/11
    16:56
    Post #: 7867262
    http://www.tradingmarkets.com/news/stock-alert/smgby_dj-san-miguel-wants-to-place-1-bln-shares-as-soon-as-possible--1478276.html



    Meantime, Ang said San Miguel will ask for extra time to conduct due diligence prior to making a tender offer for more shares in Australian miner Indophil Resources N.L. (IRN.AU), which owns a 37.5% stake in the Tampakan copper-gold project in southern Philippines. San Miguel invested $40 million in October to acquire 10.1% of Indophil.
    The deadline for the conclusion of the current due diligence is Thursday.
    IRN Price at posting: 70.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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