Lion Selection’s directors are on top of selling Indophil to Xstrata
June 24th, 2008
Filed under: Mine - Tampakan, Mineral - Copper, Mineral - Iron, Operator - Indophil Resources NL, Operator - Xstrata
From: www.theaustralian.news.com.au
IT is not often that a board of directors finds reason to welcome naked defeat at an extraordinary general meeting. But that’s the space Robin Widdup & Co at Lion Selection found themselves in yesterday.
In voting down Widdup’s canny deal to sell 17.7 per cent of Indophil to Xstrata, shareholders of Lion Selection have done everyone a favour.
Leave a Reply
Please note that your comments will be subject to moderation by the PMEA Blog Administrator.