02 JULY 2010 ASX Release OZ Minerals acquires major stake in Sandfire Resources OZ Minerals is pleased to announce that it has acquired approximately 25.8m shares representing approximately 19% of Australian listed Sandfire Resources NL. This is considered a strategic investment which provides exposure to Sandfire’s high quality Doolgunna project located in Western Australia. The acquisition of the stake was completed today with the majority purchased from a small number of high net worth / institutional investors and the balance from on-market purchases. The total consideration for the purchase was approximately A$100 million.
looks like they paid around $3.85 - so selling at $4.20 is less than 10% profit after holding for 5 years
Ann: Trading Halt, page-11
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$10.34 |
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Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.52 | $10.34 | $3.653M | 350.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 976 | $10.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 8141 | 27 |
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