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368 Posts.
111
03/07/12
13:22
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Always good to see a new shareholder acquiring a substantial interest.
The question can also be why would a significant holder such as Atlas sell.
Atlas divested another of its interests in a different project in May and said this in their announcement on 31 May:
"The settlement of the Balla Balla sale is part of Atlas’ strategy to grow its Pilbara Direct Shipping Ore (DSO)
business rapidly"
I assume they wish to focus on the Pilbara and that the same would apply here.
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