Tuesday, August 28, 2007

Lundin Mining LUN.to LMC shareholder buys eight million shares

Stock has retested today recents Lows and is ready for Value Play.

Lundin Mining shareholder buys eight million shares
2007-08-28 14:48 ET - News Release
Mr. Aksel Azrac of Ellegrove reports
Ellegrove Capital Ltd., a Barbados resident company, through its joint actors, has acquired eight million common shares of Lundin Mining Corp.
As a result of this acquisition, Ellegrove together with its joint actors, hold as at the date hereof, a total of 59,614,854 common shares which total holdings represent approximately 15.2 per cent of the issued and outstanding shares of Lundin Mining.
Ellegrove and its joint actors acquired the securities of Lundin Mining for investment purposes only and not for the purpose of influencing control or direction over Lundin Mining. Ellegrove and its joint actors will, however, review its holdings in Lundin Mining from time to time and may increase or decrease its position as future circumstances dictate.
Ellegrove is owned by a trust whose settlor is the estate of Adolf H. Lundin.

They were buying almost every single day in this downturn:

http://www.canadianinsider.ca/coReport/allTransactions.php?ticker=lun

1 comment:

Anonymous said...

I believe the reason for big shopping is listing on NYSE. I suppose the price will be higher now.

http://biz.yahoo.com/iw/070907/0299632.html