Sin Tang Developments, FWL's largest shareholder (and, I suspect, one of the negotiation parties for the Yalgoo Project) is cashed up. Sin Tang sold last week a large part of its stake in Sphere Minerals, raising $45m (15m shares @ $3).
Let's hope they throw $15m of it FWL's way!
www.theaustralian.com.au/business/mining-energy/xstrata-nears-full-control-of-sphere-as-sin-tang-cuts-stake/story-e6frg9dx-1226057616865
