Friday, December 3, 2010

NMG - New player Bank of America

Just a quick note - Bank of America increased their stake in NMG.  A bit surprising to me that they are even interested in a junior mining company. 
They have lodged a statement that they owned 20.6m shares (5.93%) on 23 november, and now they own 24.4m (7.03%) on 30 November.
Pretty aggressive buying according to my humble opinion :)
I think they won't buy into a junior mining unless they are pretty confident of the shares increasing in value - which is good news for me :)

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