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magazineMajor shareholder sells out of Bluejay Mining
Bluejay Mining (JAY:AIM) 15.15p
Gain to date: 10.2%
Original entry price: Buy at 13.75p, 13 April 2017
Nickel producer Western Areas has sold its 18.8% stake in mineral sands explorer Bluejay Mining (JAY:AIM) to existing and new institutional investors.
Western Areas has backed the company for several years and is using the proceeds to support activities in Australia.
Broker SP Angel reports ‘unusually strong demand’ for the Bluejay stock from other investors during Western Areas’ share sale. (DC)
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