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Mineral Resources piles into Venturex; Northern Star sells out – The Australian Financial Review
Mining services giant Mineral Resources is set to emerge as a substantial shareholder on base metals explorer Venturex Resources’ share register.
Mining services giant Mineral Resources is set to emerge as a substantial shareholder on base metals explorer Venturex Resources share register.
Venturexs share were up 40 per cent on Monday. Louise Kennerley
Fund manager sources said Mineral Resources bought a large chunk of Northern Stars stake in Venturex, which the gold producer sold on Monday morning.
A line of 70.8 million Venturex shares crossed the market at 10:23am on Monday at 40¢ each, according to Bloomberg data.
The stakes size perfectly…
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