Minews. Iron ore, uranium and any specials to finish, please.
Oz. Like gold, it was hard to find an iron ore stock which fell last week. Atlas (AGO) added A10 cents to A$1.72. Giralia (GIR) rose A7.5 cents to A$1. Fortescue (FMG) gained A14 cents to A$3.77, and Polaris (POL), which has received competing takeover bids, closed at a 12-month high of A62.5 cents, a rise of A11.5 cents. However, the stock everyone is watching is United Minerals (UMC) which asked for a suspension in trade on Wednesday amid speculation of receiving a takeover bid from BHP Billiton. While UMC was stuck at its pre-suspension price of A91 cents, its major shareholder, Thundelarra (THX) gave the game away by hitting as 12-month high of A72 cents on Friday, before easing to close at A67 cents for a gain of A3 cents over the week.
UMC Price at posting:
91.0¢ Sentiment: None Disclosure: Held