Street Talk
Heron cashed up and vulnerable
Heron Resources has a pile of cash and two major shareholders on its register that appear to be likely sellers.
edited by Jamie Freed
Updated
Given the takeover battle for iron ore explorer Polaris Metals has only recently wrapped up, Heron Resources might have seemed a bit premature selling its 19.9 per cent stake in the company into Mineral Resources ’ bid back on October 1.
But there is no question that Heron was one of the big winners in the end.
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