Major shareholder sells out of Bluejay Mining

Dan Coatsworth

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

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.

BLUEJAY MINING - Comparison Line Chart (Rebased to first)

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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