Macquarie quits Vimy

LONGTIME backer of Australian uranium survivor Vimy Resource, Macquarie Bank, has headed for the exit, ditching its stake to just below 0.1% at a time there are indications of a long-delated revival for yellowcake.

Macquarie quits Vimy Macquarie quits Vimy Macquarie quits Vimy Macquarie quits Vimy Macquarie quits Vimy

Macquarie has pulled out of Vimy.

Vimy said over the past week the so-called ‘Millionaire's Factory' had sold most of its remaining 8.74% interest in Vimy to a mix of new and existing shareholders in a process managed by Morgans Corporate.
 
The terms of Macquarie's sale were not disclosed, but were likely at a discount to the recent price of 11.5c.
 
In January the bank had owned 12%, but has been reduced since then through both sales and dilution while at the same time as the spot price has been rising slowly and is up 14% year-on-year.
 
Vimy is now controlled by majority shareholders including Resource Capital Partners (22%), Andrew Forrest's Forrest Family Investments (14%), Acorn Capital (9%), founder Michael Fewster ...

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