CFE sold some of their holding, will be interesting to see who bought them
NiPlats Australia Limited (NiPlats or the Company) (ASX: NIP) is has been made aware that Mineral Securities Holdings Pty Ltd (subsidiary of Cape Lambert Resources Ltd ASX code: CFE) has reduced its shareholding in the Company by 10,000,000 shares.
Cape Lambert Resources Ltd now holds 22,500,000 shares (representing 19.8%). The transaction was originated and completed through broking firms that recently participated in the NiPlats placement and underwriting of Share Purchase Plan. The Board greatly appreciates the support of Cape Lambert over the last 12 months and believe that this strategic divestment provides an excellent entry opportunity for professional investors in NiPlats ahead of the 2010 exploration program at Speewah Dome. Cape Lambert Resources Ltd has reserved the right to further reduce their stake in the coming months at prices which will not be less than 40 cents per share. Interested professional investors should contact Anthony Barton, Chairman of NiPlats Australia Limited. Richard Wolanski Director
NIP Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held