West African Resources Ltd (AU:WAF) has released an update.
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Morgan Stanley, with its subsidiaries, has become a substantial holder in West African Resources Ltd, acquiring a 6.55% stake with 74,506,531 ordinary shares. The financial giant’s various entities engaged in purchasing shares through regular trading and investment management activities. This strategic move by Morgan Stanley may indicate a significant interest in the future potential of the mining company.
For further insights into AU:WAF stock, check out TipRanks’ Stock Analysis page.