Date: 14/7/2008 Author: Michael Vaughan Source: The Australian Financial Review --- Page: 16 Australian iron ore miner, Portman, wants some influence in Golden WestResources. Portman acquired a 10 per cent stake that was made available by the collapse of Opes Prime in April 2008. It has increased its stake to 19.9 percent. Golden Resources ignored a request for a seat on its board, so Portmancalled a shareholders' meeting to replace the chairman and an executive director. Portman CEO Richard Mehan says that no takeover is planned in the near future, but he has acknowledged the benefits of a merger of the two companies.
GWR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
