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Business as usual for Bushveld Minerals despite share price slump

Published: 16:18 10 Oct 2013 BST

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Bushveld Minerals (LON:BMN) says it is unaware of any reasons behind its recent share price slump.

The AIM-listed miner’s shares have halved to 3.5p since Monday, with a substantial increase in the volumes of shares changing hands.

The decline values the company at less than £10 million.

“The board is currently attempting to ascertain the change in holdings and has written to its shareholders today to provide details of their respective holdings,” it said in a statement.

“The company has not received notification in the change of holdings of its current shareholders to date.”

Bushveld stressed that it remains well set to deliver its strategy of progressing its iron ore and tin projects.

It also pointed to the fact it has taken a controlling stake in ASX-listed Lemur Resources, which owns a coal project in Madagascar and has around A$17 million in cash.


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on 12/5/23