Tuesday, June 12, 2007

Eland Platinum tumbles on overvaluation worries

(Reuters) - Shares in South African junior miner Eland Platinum Holdings Ltd tumbled on Tuesday as investors worried that they had become overvalued on speculation of a takeover.

Shares in Eland, which have soared 460 percent over the past 12 months, slid 25.7 percent to a low of 89 rand before recovering to 101.8 rand by 1029 GMT, a 15 percent drop.


Read more at Reuters Africa

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