LST sold a 17.83% stake in Indophil to Xstrata on 5 September 2008 but they retained 26,853,206 shares in Indophil at this time.
Given the spike in Lion Selection's shareprice price today (also up over 6%) does this mean another bid for Indophil is imminent.
"ASX RELEASE
5 SEPTEMBER 2008
Sale of 17.83% stake in Indophil to Realise $82M
Lion Selection Limited (Lion) has sold to Xstrata Queensland Limited (Xstrata) a 17.83% stake (70,094,711 shares) in Indophil Resources NL (Indophil) at $1.17 per
share or $82M.
Lion retains ownership of 26,853,206 Indophil shares."
starting to move, page-9
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