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TradingCharts

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Sunday, 09/05/2021 4:08:19 PM

Sunday, September 05, 2021 4:08:19 PM

Post# of 289
MinRes turns $50m Pilbara Minerals stake into $330m

Chris Ellison’s Mineral Resources has banked a $330 million-odd profit from its five-year stay at fellow Western Australian lithium play Pilbara Minerals, and will use the cash to expand its iron ore operations.

Mineral Resources will confirm on Monday morning that it sold its 5.4 per cent Pilbara Minerals stake, or 160 million shares, in a block trade over the weekend, in a deal that netted it about $330 million.

https://www.afr.com/street-talk/minres-turns-50m-pilbara-minerals-stake-into-330m-20210905-p58ozt

If THEIR IS ONE THING I AM SURE ABOUT IS I AM USUALLY WRONG

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