OZL 0.00% $26.44 oz minerals limited

In todays West Australian- Business Section (by Gareth...

  1. 817 Posts.
    In todays West Australian- Business Section (by Gareth Costa)

    "Sandfire Resources was yesterday engulfed by renewed

    speculation about a $133 million sale of Korean steelmaker

    Posco's stake.

    Posco was reported to be talking to potential buyers over

    a sale of it's 15.2 per cent holding.

    OZ Minerals, with 19 per cent of Sandfire, has been rumoured

    in the past as a potential bidder for Sandfire, which

    officially opened its De-Grussa mine on the weekend.

    Sandfire fell 0.31 cents to $5.22 amid suggestions the

    stock was being shorted by hedge funds."

    Ends.
 
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