Citigroup buys 12.7m United Minerals shares TOP News
Source: News Bites
Citigroup Global Markets Australia bought 12,718,404 United Minerals Corporation shares between May 18 and September 18, becoming a substantial shareholder with 12,718,404 shares (8.25%). --------------------------------------------------------
Just been thinking about what was written above and what was said at the AGM about the Citigroup shares.
If it was just a changing of shares from one large holders account to another holder, the impression i got from the AGM (Matthew Hogan) was that it passed through Citigroup for a very short period.
The thing is, it was not realy for a short period.....
Citigroup Global Markets Australia bought 12,718,404 United Minerals Corporation shares between May 18 and September 18, becoming a substantial shareholder with 12,718,404 shares (8.25%).
Perhaps the shares had been used for shorting purpose....will we ever know, the truth is out there....
UMC Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
