Thursday, January 27, 2011

FirstRes - First Resources rated 'hold' by DMG

Stock Name: FirstRes
Company Name: FIRST RESOURCES LIMITED
Research House: DMG

DMG & Partners Securities in a Jan 25 research report says: "Controlling shareholder, Eight Capital Inc., is selling 75 million of its First Resources' shares (bringing its stake down from 74% to 68.2%) and FR is selling 15 million treasury shares, at $1.48 per share (8.1% discount to 19 Jan's close).


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